No. There are several ways to secure a loan from the United States. Power of attorney and other such paperwork may be completed at the Israeli consulate or with a locally registered notary.
In a simple case, funds may be disbursed in as little as two weeks’ time. Most loans are processed in 2-6 weeks.
Israeli citizens purchasing their first property qualify for up to 75% financing, and up to 50% financing on each additional property. Non-Israeli citizens qualify for up to 50% financing.
Typically, the mortgage rate is based on a payment to net income ratio. However, it is possible to qualify for other rates. This depends of variables such as liquidity, asset valuation, and others. Ask your representative for more information.
No. Credit bureaus in the United States do not collect information on mortgages and other credit extended in Israel. However, your credit score in America will be considered as a part of your mortgage loan application in Israel.
No. Branches of Israeli banks located in the United States are often separate entities from their counterparts in Israel.
Refinancing a loan means renegotiating the terms of your original mortgage loan. We offer a range of refinancing options, from reducing your monthly payments to consolidating your outstanding debt. These options will allow you to restructure your debt into a more manageable portfolio. We will provide a complimentary assessment of your mortgage refinancing options upon receipt of the necessary paperwork.
The early payoff of a mortgage loan allows you to bring your loan to term at an earlier date than initially set in the terms of the loan. This is an end-stage of the loan process. Typically, there may be fees associated with the early repayment of a mortgage loan. Such penalties apply fixed-rate mortgages only, not variable. We will provide a complimentary assessment of your mortgage redemption options upon receipt of the necessary paperwork.
Mortgage interest is not currently tax deductible for Israeli citizens investing in Israeli property. However, mortgage interest paid on a home in Israel may be itemized as a Schedule A deduction on US taxes.
Yes. Fixed-rate loans are available in several currencies, including the dollar, shekel, and euro. The availability and rates of such loans in currencies other than the shekel vary from bank to bank.