Loan Report – Loan Details by Account Existing loans report, if any: balance, end date, and monthly payment. Here too, a PDF file or a scanned bank paper should be provided. If you have any loan in your bank account, the bank will ask to see a loan report. This report... Read more »
Letter of IntentA letter of intent is a letter provided by a bank or other entity that has a mortgage on an apartment, stating that in exchange for receiving a certain sum of money, the entity will remove the mortgage. The letter also details how the money should be transferred for the mortgage to be closed. Read more »
The law to cancel (part of) the indexation will cost you dearlyThis week, July 2022, the Finance Committee approved advancing the proposal for changes to the Apartment Sale Law. In this article, I will review the approved changes and explain why the impact will likely be the opposite of what the general public believes. Limiting linkage to the construction input index on… Read more »
Mortgage during maternity leave and postpartumSome of the tests a bank conducts for mortgage approval are related to the borrower's income. It happens that the mortgage is taken out close to or after maternity leave. For an employee on maternity leave, payslips cannot be presented. For a self-employed person, the bank wants to know the… Read more »
The Complete Guide to Working with a Mortgage AdvisorWhat does a mortgage advisor do, when to see a mortgage advisor, how to trust a mortgage advisor's interest rates, and how to choose one, how much it costs and when to pay. All the important questions before mortgage consulting Read more »
Land rights approval in a kibbutzאישור זכויות הוא מסמך המפרט למי יש זכויות בנכס נדל"ן מסוים. אישור הזכויות יכול להירשם במקומות שונים כמו למשל ברשות מקרקעי ישראל, בטאבו, במנהל האזרחי (עבור נכסים ביו"ש),, בחברה משכנת או במקרה שלנו בקיבוץ. לא… Read more »
How to choose the optimal mortgage for you?People are asking, "We earn NIS 20,000 and are buying an apartment worth NIS 2 million with a mortgage of one million. What is a good mortgage offer for me?" So, let's talk about what an optimal mortgage is. Read more »
Equal Fund vs. Equal Return (Spitzer): Short and SweetIn short: Repay your mortgage using the annuity method (equal installments) and not the constant principal method, no matter what. Read more »
Things I learned from past heroesEconomic insights on decision-making following a tour of the Golan Heights and the Yom Kippur War Read more »
Mortgage collateralAfter signing a mortgage and before receiving the funds, several tasks must be completed. This article will detail the necessary tasks to save you time, effort, and the risk of contract breach. Read more »
The Bank of Israel's mortgage reformAt the end of January 2022, the Bank of Israel's mortgage reform was approved and will take effect in August 2022. In this article, I will review the reform, its advantages, disadvantages, and lessons that can be learned from it regarding regulation in general. Read more »
הפקת דו"ח יתרות משכנתה – מזרחי טפחותדו"ח יתרות משכנתה הוא הדו"ח המאפשר בחינה של כדאיות מיחזור משכנתה או פירעון מוקדם של משכנתה – סגירת חלק או כל המשכנתה על ידי הפקדת כסף לתוכה. כדי להפיק דו"ח יתרות משכנתה – דו"ח יתרות… Read more »
The Scoundrel as a Tool for Mind ControlHow can our attention be diverted by using one villain or another, and what can we do about it? Read more »
On insurance, unnecessary insurance, and saving money on insuranceInsurance and unnecessary insurance Read more »
Juju – Handle the routine, not the emergencyFocus on routine and not on emergencies, even though many times we seemingly "want" to get to the problem. Read more »