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845-694-7148All of the articles we have written on Israel Real Estate News, over the years, on the First Israel website. Israel Real Estate has grown tremendously…
Inflation Linked Mortgages – Beware!
With current mortgage rates relatively high, everyone is looking to find mortgage products that might ease the pain of high monthly payments. Inflation Linked Mortgage (ILM) products are often thought of as a good alternative with low rates and low monthly payments. But there is more to it than that. Much more. Let’s take […]
The Importance of an Appraisal Prior to Signing a Property Contract in Israel
Purchasing property is a significant financial decision, and conducting thorough due diligence is crucial for a successful transaction.
In the context of real estate in Israel, obtaining an appraisal prior to signing a contract plays a vital role.
This article aims to highlight the importance of appraisers in assisting buyers by establishing the true value of […]
Why Use a Mortgage Broker? (Part 6 of the Israel Mortgage Primer series)
If you’ve read through the first five parts of the Israel Mortgage Primer series, you should have a pretty good idea of what is involved in the mortgage process.
We’ve reviewed what you need to know Before You Apply, the Documentation necessary for a mortgage approval, the various Mortgage Products available from Israeli banks, the […]
Refinancing (Part 5 of an ongoing Israel Mortgage Primer series)
You own your property in Israel.
You have a mortgage which seemed perfect at the time you financed the property, but times have changed. Interest rates may be lower, the variable rates that were attractive at the time you took the mortgage may now be significantly higher, your financial picture may be different or you […]
Funding Requirements (Part 4 of the Israel Mortgage primer series)
At this point, you have successfully traversed the application process (Before You Apply – Part 1), been approved for a mortgage (Documentation – Part 2) and chosen the mortgage products that best suit your needs (Mortgage Products – Part 3).
In order for the mortgage to actually be funded, the banks have several requirements – […]
Mortgage Products (Part 3 of the Israel Mortgage Primer series)
So, you’ve successfully traversed the application process and have been approved by the bank.
One of the first major issues that you will have to ponder is the question of what product or blend of mortgage products is best suited for your particular situation.
In this article, I’d like to review the main products that are […]
Documentation (Part 2 of the Israel Mortgage Primer series)
In part 1 of this series we discussed when one should apply for a mortgage and the minimum criteria needed to qualify for a mortgage.
See: Before you apply (Part 1 of the Israel Mortgage Primer series).
In this installment, we delve into the documentation that lenders will require for the application process.
What documentation will I […]
Housing Prices in Israel on the Rise
The price of residential real estate in Israel has risen by over 10% in the last 12 months, with steady increases forecast for the future.
The major reason for this substantial price increase is higher demand that significantly exceeds the housing stock available.
According to Israel’s Central Bureau of Statistics, the price of a typical 3 […]
Before You Apply for a Mortgage in Israel (Part 1 of the Israel Mortgage Primer series)
So, you’re ready to take the plunge. and…purchase a property in Israel.
You know where you want to buy, how big a property you need and roughly how much it will cost. You also know you will need a mortgage to finance the purchase… and that’s where you start to get nervous.
How much will I […]
Number of Apartments Purchased by Foreign Nationals Rising
We are in the middle of a pandemic, and it’s been almost two years since foreign nationals have been freely able to visit Israel, making it very difficult for them to personally view properties prior to making a purchase.
Despite the difficulties, foreigners purchasing property in Israel has reached record levels.
Much of this growth can […]