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.
1. Comparing only the monthly payment
Refinancing that extends the term will lower the payment even without real savings. Compare the total payments.
2. Not asking for a payoff balance statement
Without the fees broken down per track, you cannot know whether it pays off.
3. Refinancing everything in one go
Sometimes a partial refinancing of the expensive track brings most of the savings. Partial or full refinancing
4. Forgetting advance notice
A fee you could have avoided with written notice 10–45 days ahead.
5. Repaying a linked track at the start of the month
The average CPI fee applies when you repay between the 1st and the 15th. What is the CPI?
6. Not using competition
Without an offer from another bank, you have no bargaining power with your current bank. Internal or external refinancing
7. Rebuilding the same mix
Refinancing is an opportunity to fit the mortgage to your situation today. How to build a mix
Elia's tip: Before refinancing, write the goal in one sentence: "lower the payment," "shorten the term" or "reduce the risk." Every decision should serve that goal.
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.