First Israel Mortgage - TLV

30/12/2020

Check out our latest piece on the recent mortgage guideline changes.

What was the rationale behind the Bank of Israel's change in policy? What do the new Israel mortgage guidelines mean and will they work?

13/02/2018

Check out our interview on www.Currencytransfer.com

Helping educate many Olim on the nuances of home financing in Israel. Many crucial aspects to understand when taking a mortgage from an Israeli bank.

24/01/2018

Fresh statistics on home prices have just been released, and for the first time they are broken down by district . An overall decrease of 0.3% in prices on a national level.

On the flip side, a new survey just found that 10% of Israelis are in the market for a new home ....

Extremely Interesting times are ahead.

Educating yourself on the market is crucial , especially if you are in the market for a new home .

New data from the Central Bureau of Statistics shows differing housing price trends in various parts of Israel in October-November. 

10/09/2017

Great piece to help understand how the government programs are impacting your chances of owning your own home ( no spoilers- you need to read till the end)

Moshe Kahlon: "Buyer's Price" program aims to provide young couples the chance to live in a home of their own - instead it is creating an army of landlords.

24/07/2017

A LOT of money can be saved with the info contained in this article !

When planning Aliya it is important to consider when to take out your mortgage in Israel - either before or after Aliya. First Israel can help you decide.

06/06/2017

An important read !

Mortgage brokers in Israel got a big win last week from the Antitrust authority and the Knesset Finance Committee. In the wake of the recent 2% spike in interest rates despite benchmark interest rates holding steady, the Antitrust authority launched an investigation into mortgage banks’ pricing prac...

25/05/2017

THE CAPITAL MARKETS CONFERENCE Geopolitical Transformations & Impact on Financial Markets Tuesday, June 13th, 2017 David Intercontinental Hotel, Tel Aviv FREE from 2:15pm English & Hebrew, Israeli & International Speakers Light food will be served   About the Conference: Capital Markets Conference T...

17/05/2017

This article is showing some very interesting statistics regarding new development sales in 2016 ( spoiler alert- steep decline!) . It also shows that inventory is very high in new development, might be a good time to find a desperate developer willing to break even!

Here is a link to another article, in English, published yesterday. that tells the same story. It's happening!!

http://www.globes.co.il/en/article-home-prices-fall-29-in-q1-1001188787

משרד האוצר: "בשנת 2016 נרשמה ירידה של 8% במכירת דירות חדשות, בהשוואה לשנת 2015. בניכוי המכירות במסגרת "מחיר למשתכן" מתעצם שיעור הירידה ל- 16%"

19/03/2017

Updated mortgage statistics published today: Effective rate for "linked mortgages " is now ~6% for 20 to 30 year loans , completing a 2% increase in the past 18 months . Non-linked loans have increased by a similar amount over the same period.

Lessons to be learned:
1. Take the Fixed Rate! Even if it means refinancing to a slightly higher mortgage payment , with the higher rates the likelihood of a significant prepayment penalty is very very small .
2. Don't link your loan to inflation!
3. This is , most likely, just the beginning. Rates are moving up , act accordingly

And to our clients I say : "you're welcome" :) .Our preaching the fixed rates as the best option over the past few years has proven to be the right call .

הריבית צמודת המדד הממוצעת מבטאת ריבית אפקטיבית (כולל מדד) של כ-6% ■ מדובר בעלייה של יותר מ-2% בטווח של שנה וחצי ■ מהו מסלול המשכנתא המועדף?

07/03/2017

These numbers are staggering!

Clue: 181,000 babies were born in Israel in 2016, and 24,000 immigrants arrived.

20/02/2017

This is too important to ignore . Well worth the read (Google translated version isn't too bad) .

This proposal, if ratified, would effectively eliminate all prepayment penalties and allow each borrower to choose his mortgage product mix with no underlying restrictions. 2 wins for the borrowers vs. the banks . Wow!

We will keep very a close on eye it, nobody likes lower rates more than we do !

שתי הצעות חוק חדשות עשויות לחולל מהפיכה דרמטית בענף המשכנתאות. האחת מבקשת לבטל את עמלת הפירעון המוקדם שאותה משלמים מי שרוצים לפרוע או למחזר משכנתא. האחרת מבטלת את המגבלה על נטילת שליש מהמשכנתא במסלול פריים

13/02/2017

Its clear that volume is down, and that interest rates are up. We aren't quite there yet, but some would say we are starting to see a shift from a seller market to a buyers market . add in the season slowdown of winter, now might be a good time to pull the trigger if you are contemplating a purchase in Israel

Only 9,800 housing units were sold in Israel, the fewest since December 2011, the Finance Ministry reports