Lecture – Mortgages in Israel

Lecture – Mortgages in Israel

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.

In the lecture:

The process of taking a mortgage

An overview of the process, including an estimated timetable and expected costs. (You didn’t assume the bank would be content with just earning from interest rates, right?)

Pre-approval

Why the failure to get pre-approval may be the biggest mistake you have ever made.
– How to prepare for pre-approval.
– The documents you have to present to the bank.

Build a mortgage

How to build a mortgage structure based on the borrower’s needs — income, risk, future changes, cash flow, etc.

mortgage types

The various mortgage types offered by Israeli mortgage banks: fixed/variable, linked/non linked, prime, foreign currency and more.

Negotiating with the banks

How to negotiate with the bank to reduce interest rates. When is the right time to negotiate and when it should be avoided.

About the lecturer

Be’eri Gurtler Har-Tuv graduated from Hebrew University summa cum laude in 2010 with a bachelor degree in economics and cognitive sciences. He remained at Hebrew University to complete his master’s degree in financial economics (Honors Program) in 2012.

During his bachelor studies Be’eri worked as a mortgage banker for Mizrahi-Tfahot where he learned the way mortgage banks operate, and how to use this knowlage to his clients’ benefit.

Since 2010 Be’eri is successfully in real-estate around Israel and advising clients in all matters regarding real-estate.