Blog - Effective Mortgage

The problem with consulting parents, friends, and the internet about a mortgage

Before taking out a mortgage, it is customary to consult with parents and friends, and to turn to the wisdom of crowds on the Internet. Each of these has problems that are worth knowing before relying on their answers.

Mortgage or mortgage

Is it correct to write משפאלה or משפאנה? That is, to end in an aleph or a בה? The Academy of Language has determined that Aramaic or Greek words in the feminine form that end in an aleph will end in ה. For example (instead of עמדעל) – box, deal, version, table, and more.

Conflicts of interest in the financial world cost you dearly.

On conflicts of interest (affairs) in the financial world, what the damage is, how to identify and prevent it. What is the difference between a salesperson and an advisor and how does all of this relate to the mortgage advisor or more accurately your financing advisor?

Mortgage advisor with a stack of coins on the table

Did the Treasury lose it?

In an article published today on YNET, I had a hard time understanding whether the editorial writer or the finance ministry spokespersons had completely lost their minds. Such a flood of contradictory data made me think that they had combined articles from different years into one article. If that wasn't…

The National Debt – an article on Channel 10 with my participation about loans and the road down

An entire system works to create advertisements and offers designed to get us into ever-increasing debt. It's good for everyone but us. I had the honor of collaborating with Channel 10 and inventing a fictitious company to sell loans. So how do they offer…

Early repayment fee – capitalization fee – early repayment penalty

This week, 5/21/2018, I had the honor of representing the public as a delegate of the Association of Housing Finance Advisors (Mortgage Advisors) in the Knesset's Economics Committee. The discussion revolved around a bill to abolish this fee. It should be noted that the Association's professional committee…

The flag of the State of Israel is raised

How to make people want to pay taxes

It turns out that before Independence Day I read Dr. Tali Shrout's excellent book - What Does It Matter. I highly recommend that you read it too. In her book, Dr. Shrout describes how people hate when control is not in their hands. For example, one…

Bank of Israel mortgage interest rate graph

Average mortgage interest rates

The Bank of Israel publishes average mortgage interest rates every month. The Bank of Israel report is indeed severely flawed due to the mixing of loans resulting from purchases versus refinancings, an insufficient breakdown by financing percentage, customer types, or…

The myth of year-end mortgage interest rates

Is it possible to get better interest rates at the end of the year? Every December, forums, Facebook groups, and other means of disseminating information are filled with recommendations to take out a mortgage at the end of the year because then interest rates are lower. – Year-end interest rates. It sounds…

The connection between couscous on Tuesday, the greeting, and your pledge

Last Saturday I was on an amazing tour of Neve Tzedek, Tel Aviv. I’ll write a whole article about it later, I guess, it’s worth it. During the tour I saw a ring on the wall. In the house across the street, on the other side of the street, there’s an identical ring…

What is a taboo wording? and other rights confirmations

The word taboo is actually the identity card of a real estate property. The word taboo is a distorted inheritance from the Turkish rule, whose land management office was called tapu. Arabs do not pronounce the letter "p" and therefore in their mouths tapu was distorted into taboo and remained...

Link to important websites

Obtaining a parcel from an address A parcel (and sub-parcel) is the state's way of marking every parcel of land in the state. Unlike an address which is managed by the local authority, mapping a parcel is managed by the state and includes…

Documents required for mortgage execution

List of documents that must be issued to obtain a mortgage: what each document is, why it is needed and how it is issued. Including a list of documents by type of transaction.

Is the work life insurance sufficient for the mortgage?

I like answering questions in various public forums. It's good to help people. Sometimes there are questions like the one below that on the one hand are recurring questions and on the other hand require a slightly longer answer than I can answer in a public forum. I hope…

Eligibility Loan – The Good, the Bad, and the Ugly

An eligibility loan is a mortgage route with preferential terms. Who is it suitable for? What's good and what's bad about it? Why does the banker avoid telling you about it? And also the history and documents for an eligibility loan

What should be taught so that people can be more financially successful?

In a previous article on financial education for students, I strongly criticized the Ministry of Education's plan to bring in bankers to teach about money. To read the previous article on financial education for our children, click here. Now comes the moment when I must write...

The bank will educate our children.

From the early 20th century until the 1980s, tobacco companies were the largest investors in cancer research. These studies produced important findings about toxic substances and behaviors that cause cancer. To be sure, these were not biased studies…

Statue of David and mortgage advice

In early 2017, I was at a professional conference in Florence, Italy. In between all the lectures, I found time to go see (and photograph) the statue of David. Michelangelo took about three years to create the statue of David. It was first exhibited in 1504. The statue stands at a height of…

Registered Mortgage Advisor – Mortgage Advisors Association

In 2016, something happened that I think is unprecedented. We are used to seeing employees in one company or another fighting for their rights. Self-employed people usually do not fight for their rights for two reasons: A. They do not have the privilege of striking.…

A poisoned apple from its mortgage by bankers

The connection between a 300-meter dive watch and a month off from her mortgage

I saw advertisements in the newspaper for a men's watch. Among other features of the watch, it was stated that it was waterproof to a depth of 300 meters. I have a two-star diving license that allows diving to a depth of 30 meters. At this depth there is little…

Mortgage for same-sex couples

Mortgage for same-sex couples Many think of mortgage as part of our declaration as a family: friendship, marriage, mortgage, children, and so on… In this article I will try to expand the scope a little in several directions. First of all, you don't have to mortgage. You can definitely get married and not…