Mortgage consultation process

Effective mortgage advice and making better financial decisions

The goal of the ethical workflow in mortgage consulting for you is to achieve the goals you have set. One family's goal is to pay as little as possible to the bank on their primary residence mortgage. Another family's goal is to acquire investment properties by age 50 with the aim of early retirement through rental income from investment properties.

An effective mortgage is one where the monthly payments reduce the debt to the bank, rather than enriching the bank beyond the minimum.

Today, someone who wants to buy a home with a mortgage faces a mortgage market that contains Over thirty types different types of mortgages. The average person has difficulty distinguishing between the different types of mortgages. However, distinguishing the advantages and disadvantages of each route is essential for creating a mortgage that is suitable for the borrower, both in the present and in the future, according to various scenarios. Those of us who take out a mortgage without careful consideration may end up paying double or more (!) the value of their mortgage over the years – simply throwing money away or, in the worst case, facing skyrocketing payments and an inability to repay the mortgage.

I don't really like the accepted term Mortgage consultant Since in many meetings we see that there are better alternatives to achieve Financing for purchasing an apartment. Mortgage advisor In my opinion, it's a better concept, but it's not yet widespread among the general public. A consultation meeting is a meeting that lasts about two hours, during which you will tell me exactly what kind of house you intend to purchase, how much it costs, what your current financial situation is, and together we will assess how this will change over the years in order to understand what your monthly repayment capabilities will be throughout the entire mortgage term.

During our joint conversation, I will explore and understand which mortgage will serve you most effectively, ask guiding questions, request data regarding income and expenses, family status, and more.

Additionally, I can answer any questions you may have regarding mortgages and financial life in general. I highly recommend taking advantage of the opportunity to meet with an economist to also bring questions from other fields., In the meeting, I will explain more about the different types of mortgages available in the market and together we will establish do's and don'ts when dealing with banks.

A few days after the meeting, you will hear from me In writing A guide written especially for you, containing recommendations for suitable mortgage tracks For you. The mortgage I planned for you is actually the "product" you will purchase from the banks.

After you approve the "product", we negotiate with the banks on your behalf for the "product" price and finally arrange a meeting for you with a banker at the bank branch who is prepared to sell you the mortgage at the lowest price.

In our experience, the mortgage process through us saves families tens and hundreds of thousands of shekels. 

The process involves two steps: 

1. A one to two hour meeting with me, after which you will receive

2. Negotiation based on the economic plan during the consultation meeting

Contact us now to inquire about the consultation fee and the negotiation fee. You can purchase only the plan (stage 1) and manage the negotiations with the banks yourself.

The meeting is being held at our Petah Tikva offices, or at Kibbutz Tel Yosef (near Afula), or On a Zoom call. To make scheduling easier (I highly recommend meeting with both partners), I also offer evening and Friday appointments. You can view availability and book directly on my calendar here – Click here

Contact me now directly for pricing – 054-5232-799 rimon@effm.co.il

Note: To process a mortgage with us, you need to be able to scan documents and send them as PDF files online. 

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Not just a mortgage

Have you read this far? You're probably like me, people who like to research and check things out before making big decisions. I welcome you and think this is a wise step.

With many years of experience answering questions such as:

• Should I buy an apartment?

• What is the budget I should look for an apartment within?

• Should I buy an investment property instead of a primary residence while continuing to rent?

• Should I pay the contractor today or at the end of construction?
• Which apartment should I choose in the "Price for the Resident" program? Is it worth participating in the "Price for the Resident" project?
• Many other economic questions.

Speak with me directly – 054-5232-799 or by email rimon@effm.co.il, I am sure I can contribute greatly to you and assist in making appropriate, data-driven decisions.

Do you think you can handle things well at banks or do you need financial advice without representation at the bank?

Many clients are interested in going to the banks alone. Many other clients are not in the process of buying an apartment but are only interested in consultation. The consultation process includes:

• A one to two-hour meeting where I gather a lot of economic data on one hand and listen to all the client's questions on the other:
  • Should I continue renting an apartment or buy?
  • Should I buy an apartment for investment?
  • How can I improve my financial situation after retiring?
  • Many more questions.

• Preparation of a client recommendation document. This document contains answers to all of the client's questions, the optimal mortgage for the client, and an explanation of why this mortgage was designed. Recommendation on which banks the client should approach at each stage to avoid wasting their time unnecessarily. The document is essentially a work plan for the client.

• Remote guidance through the client's negotiation process with various banks and examination of different offers using a professional mortgage calculator that allows for a forecast of future repayments and an objective comparison between offers.
• For every future financial question, even years after taking out the mortgage or completing the consulting process.

Contact us to inquire about costs at 054-5232-799 or by email rimon@effm.co.il

Who is the service suitable for?

• First-time homebuyers
• People building a private home.
• People considering real estate investment.
• Taking out a mortgage as part of a divorce.
• People with financial dilemmas

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Hi Rimmon,
Regarding the meeting, we were very happy that we approached you. You were patient, attentive, professional, and inclusive.
Lilach told me after the meeting that it's simply amazing how In one meeting, you managed to get us organized.
To start with, save us money and tell us the dream is possible.
Thank you very much!
Lilach and Doron

November 2017

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Frequently Asked Questions

Where is your office? Are you coming to our house?

I have offices in Petah Tikva and Kibbutz Tel Yosef (near Afula). I conduct meetings at the offices or via Zoom. Here, you'll find the best conditions: a screen so you can see what I'm doing, a large whiteboard for explanations if needed (reminds me of my days as a lecturer), and most importantly, quiet. No children, phones, etc. People come to me from the South and the far North. I believe that before such an important and significant decision, it's worth making the effort. Is traveling complicated? When scheduling the meeting, you can choose the Zoom option, which also works well.

Does it work on Fridays too?

Yes.

Is there a free first meeting?

I definitely think you should get to know your consultant, hear about their education and experience, and get a general impression of them. I do not offer free consultations. I have seen many times how such a meeting can drag into free advice and tug-of-war between the client who wants to "just ask a question" and me, who doesn't want to give a partial answer and therefore gets drawn into a full consultation under the guise of an "introduction." This does not suit me. I prefer to invest all my time in genuine clients.

We warmly invite you to chat with me at 054-5232-799 or to "get to know me" through my lecture. https://youtu.be/4x5fnkMmMSw 

Which banks do you work with? 

We work with all banks. However, not every bank is suitable for every transaction. Therefore, after receiving the transaction details, we will assess the situation to identify the two or three most suitable banks for that specific transaction at that particular time (things change from month to month). We will then request quotes from them and negotiate. For example, if I know that a certain bank operates more slowly, I will not approach it with a time-sensitive transaction. If I know that during a certain period, a particular bank is offering more expensive terms for high financing percentages, we will not approach it with such a transaction, and so on. 

How do we decide?

You can speak to me at 054-5232-799 or be bold and book directly in my calendar from here – https://calendly.com/rimon/mortgage

Immediately after scheduling the meeting, you will receive an email with all the instructions and things to prepare for the meeting.

After the meeting is set in your calendar, you will receive an automated email with all the details about the meeting. What to bring, etc.

If you did not receive this email, please check your spam folder. Is it not in spam either? The meeting was not scheduled. Please note that you need to click "Confirm" in the scheduling system for the meeting to be registered.