Please note: advisory meetings and the service itself are provided in Hebrew only. These guides are here so you can read and understand the topic in your own language.
Print this list and take it to your bank meeting. Any answer that is not clear to you, ask again.
About the interest
- What is the rate on each track, and what are the anchor and margin on the variable tracks? Anchor and margin
- Until when is the offer valid?
- Is the rate set on the day of approval or the day of drawdown?
- What is the total expected repayment on each track, under an inflation assumption? Low rate or low payment?
About fees
- What is the file-opening fee, and can it be waived?
- Which fees will apply on early repayment of each track? Early repayment fees
- When are the exit points on the variable tracks? Variable every 5 years
About the process
- Which documents are missing for final approval? The documents checklist
- Who is the appraiser and when are they coming? The appraiser
- How long does it take from final approval to the transfer of the money?
About insurance
- Can I present a life and building insurance policy from another company? Mortgage insurance
- What requirements must the policy meet?
About flexibility
- Can I change the monthly charge date?
- Is there an option for a grace period or postponing payments if needed?
- What happens if I want to transfer the mortgage to another apartment in the future?
Elia's tip: Ask for all the answers in writing, by email or in the printed offer. What is said verbally in the meeting does not always appear in the contract.
This article is general information and is not personal advice or a commitment. Rules, interest rates and taxes change from time to time, so check the current situation and your own figures before any decision.