Chaim

About Chaim Friedman

Having spent the first 5 years of his mortgage career in New York as a Licensed Mortgage Banker Chaim made the move to Israel and subsequently co-founded First Israel in 2010. Feel free to contact him at cfriedman@firstisrael.com

Mortgage in 16 Days @2.4%: A Timeline

Feb. 21: Application received. The first thing I did was review the contract. The funds were needed on March 1 and there was only a 7 day grace period! I immediately called the client and told him my feelings regarding the timeframe. “We had a disagreement with the seller which held things up. Do […]

By |March 10th, 2017|Uncategorized|0 Comments

Mortgage in Israel: Saving $500,000

I wanted to share a recent deal we closed:

Apartment price: $4,470,000

Offer secured through a different broker:

Loan amount: 8,500,000 NIS or 50% LTV -appraisal subject to review

Rate: 4.41%

Life insurance: required

Conversion fee to USD: $25,000

Our offer:

Rate: 3.58%

Loan amount: $2,235,000 -no review of appraisal required

Life insurance: waived

Conversion fee: $0

Total savings over the life of the loan: +$500,000

One very […]

By |February 20th, 2017|Uncategorized|0 Comments
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