Getting a mortgage in Israel is very different than in other countries. Aside from the obvious language difference, Israeli mortgages are complex, take much longer to complete and are offered in a variety of options.
For a start, an Israeli mortgage can be fixed or variable – linked to the shekel, to a foreign currency, or to nothing at all; or it can come with a limited grace period, a full grace period, and many other options.
Israeli mortgage brokers are in fact not brokers – they’re consultants. The banks have exclusive and full authority over credit decisions, and mortgage consultants just help the clients get better mortgages.
Who is the lecture suited for?
- Buyers who know they are about to take a mortgage, and want to do it right.
- People considering a purchase, and who want to know what to expect.
- Borrowers who haven’t yet signed on a mortgage, and who want to save a significant sum on the deal.