In this episode, Dani Schecter from First Israel Mortgages joins us to explore the ins and outs of securing a mortgage in Israel. We dive into the complexities of Israeli mortgage regulations, particularly for foreign residents, and break down the factors determining how much you can borrow. Key topics include:
- Eligibility Criteria: We discuss how age, income (both active and passive), residency status, and property value influence borrowing limits.
- Role of Appraisals and Property Valuations: Learn the importance of property appraisals, purchase price considerations, and strategies to navigate financing hurdles.
- Bank Requirements: Understand why Israeli banks prioritize early funding by the buyer and require life insurance policies to mitigate risks.
- Mortgages for Foreign Residents and Olim: Discover the unique challenges and requirements for applying for a mortgage from abroad and what special considerations apply to new immigrants (Olim).
- Key Mortgage Terms and Processes: We cover essential mortgage jargon, how interest rates are determined, and the typical timeline for securing a mortgage in Israel.
Join us for an in-depth look at the Israeli mortgage landscape and practical advice on navigating the process, whether you’re a local resident, a foreign investor, or a new immigrant.
You can contact Dani Schecter at First Israel Mortgages by email at [email protected] or by telephone at +972 (0) 54-332-5370.
