NEW MORTGAGES
Transition from Home Buyer to Homeowner, smoothly.
Whether it’s your first home or an investment property in Israel, we guide you through the mortgage process and find you the best route to home ownership.
WHY IMC?
Israeli mortgages are full of nuances and complexity. The unprepared and uninformed can end up with high repayments and long-term financial strain.
- There are more than 30 unique mortgage tracks available in Israel.
- It’s difficult to compare among different mortgage tracks as lending bodies often use different benchmarks to calculate their rates.
- Because of the many bureaucratic hurdles in the mortgage process, you are on “mission impossible” vis a vis contractual timing.
- Israel’s mortgage and money markets are constantly changing, so any decision you make now, may be invalid later on.
“Eyal was part mortgage broker, part coach. He was not only interested in getting me a mortgage but was also concerned with how that mortgage would affect me in two to five years. When I first left Eyal’s office, I knew I had someone taking care of me in the present and in the future.
Gilad Spitalnik
Senior Program Coordinator and Manager TeenBuilding
THE PROCESS
Save tens or even hundreds of thousands of shekels over the life of your mortgage.
Educate yourself
Let’s start at the beginning: Mortgages 101
A mortgage, in simple terms, is a loan you take out to buy property, which is held as security by the bank until you’ve repaid in full. The challenges arise when you’re confronted with an array of mortgage plans, each with its advantages and disadvantages.
How do you know which option is best for you?
Start with the basics
Know your budget
Before you even look at new homes or explore your mortgage options, we’ll meet with you to conduct an in-depth analysis of your current financial profile (when needed).
Based on these results and your identity as a buyer (Israeli, non citizen, Israeli property owner), we can ascertain what type of Israeli mortgage is right for youcially doable.
The loan process
Get the best rate
To obtain the best loan, IMC conducts a bid process with various lending bodies, negotiating interest rates and mortgage tracks. Click here to see the basic list of documents required for the pre-approval application.
Loan limitations
Your options
If you’re an Israeli resident, purchasing your first home, you are eligible for a mortgage of up to 75% of the property value (and sometimes even as much as 85%). For foreign residents and buyers purchasing a 2nd property, it’s up to 50%. Percentages can vary based on specific scenarios
*Contributing a larger down payment can improve your interest rates and provide significant savings over the life of your mortgage.
Sealing the deal
The closing
Thinking beyond the confines of just mortgages, IMC actively coordinates with all key players, from lawyers and real estate agents to appraisers and designers, ensuring a seamless process, from beginning to end.
In the final stage, IMC completes all the necessary steps so that you can finally obtain your mortgage and purchase your new home.
Even after the signing, we’ll follow up with you, providing a free refinancing check once a year.
Know what to expect.
Discuss your options with a mortgage expert.
WHAT MY CLIENTS SAY
Read what our satisfied customers have to say about us
“I hired Eyal to help me and to consult me on the mortgage I had to take. He thoroughly investigated my current and future sources of founding and my expenses. He also made contact with multiple banks in order to get quotes and bargain in order to improve the quotes.
I honestly can say his work got me much better results than I would have gotten myself and saved much more money than his service costs.”
– Dovi H.
” Eyal was so organized, available and helpful. We could never have done this mortgage all ourselves. He’s a fantastic advocate for his clients as well. “
– Debbie S.
” I choose my words wisely and don’t often say things like “beyond incredible” and “goes above and beyond,” but that is what you get with Eyal and IMC – Israel Consulting and Financial Services. His level of care and attention to detail is unprecedented. He truly treats your file as if it were his own and makes himself available whenever you need. I would HIGHLY recommend Eyal with the strongest recommendation possible! “
– Jeremy A.
” Eyal steps into a mortgage process with full knowledge of what will happen and how to manage it for you. He demonstrates full commitment. I think he may be a Superman – talking to the bank, informing you on what you have to do and how it will go. You will feel like someone caught you in mid-air after you’ve fallen a few flights off a building’s roof. I did “
– Karen B.
