Using rental income when applying for a mortgage

Do banks consider rental income when applying for a mortgage? When applying for a mortgage every Shekel of income count - both in order to insure that you'll actually get an approval and and also to get better rates and terms. The case when you already own an apartment If [...]

By |2020-07-12T15:08:34+02:00September 16th, 2018|Uncategorized|0 Comments

Choosing a real estate lawyer

When is the right time to include the lawyer?If you are buying: Right after you agree on the price. At this stage you let your lawyer speak to their lawyer. Usually the seller’s lawyer is the one drafting a contract, but not necessarily.If you are selling: When you made up your mind to sell. That [...]

By |2017-08-04T14:17:59+02:00January 8th, 2017|Uncategorized|0 Comments

90% LTV mortgages?!

One of the main issues  with "Mehir LaMishtaken" is the fact that it isn't accessible to everyone. For instance: An apartment in Kiryat Motzkin that costs 950,000 NIS still demands at least 260,000 NIS for down payment and expenses, and over 4,000 NIS/Month for mortgage payments. BOI, Mortgage banks and Ministry of housing have agreed to [...]

By |2016-07-27T16:02:57+02:00July 27th, 2016|Uncategorized|0 Comments