Mortgage refinancing is the act of repaying one loan by taking out another loan with better terms. Sometimes, by refinancing a mortgage, it's possible to save tens or hundreds of thousands of shekels. To get an estimate of the feasibility of refinancing a mortgage, you need to get from the bank Mortgage Balance Report. Please note that the test requires the full report, examples of which can be seen by bank and production instructions. Here Once you have the report in PDF format, you can fill in the details below and upload the report for review. The cost of the review is 300 NIS per loan with up to 5 tracks. A full price list can be found Here After filling in the details below, you will be directed to the payment page.Frequently Asked QuestionsAre past customers eligible for a free inspection? Yes. Clients who have undergone mortgage consultation or financial consultation with me do not have to pay for the check. You do not need to pay on the next page.How do you decide which options to present to me when reviewing mortgage refinancing? At this stage, I don't know anything about you yet. You may be able to take on a higher risk (in return for a higher savings potential) than you originally took. You may need to reduce risks because even originally you took too risky a loan. Do you have an amount of money coming soon, etc.? Therefore, I will not change the original mix (unless there is something glaringly wrong with it) but will keep the same mix and check the current market interest rates as I see them in the market compared to the interest rates on your current mortgage tracks. Based on this assumption, the savings estimate is performed.I see a discounting fee (early repayment penalty) of NIS 50,000 on the balance report. Is there a chance that refinancing will save me money despite this fee?Absolutely yes. In any case, the savings estimate is After Payment of the early redemption fee. That is, there can definitely be a situation where, despite paying a fee of 50,000 shekels, there will be a saving of an additional 70,000 shekels.How long does the recycling test take?Usually up to a week unless there's an unusual backlog. How long does it actually take to refinance a mortgageRefinancing a mortgage reduces bank profits. It's not an action they like to take, even when refinancing from one bank to another. The actual refinancing process can take about two months, and sometimes even longer. You need to be patient; it can definitely pay off big time in the end.
Hello, It takes us a few days to perform the test and we will send you a savings estimate by email. Best wishes and good luck.Reply