Mortgage Application Form Personal Information Full Name(as it appears on ID) List other names: Hebrew, Maiden Full Name(as it appears on ID) List other names: Hebrew, Maiden Home TelephoneWork TelephoneHome TelephoneWork TelephoneEmail FaxEmail FaxCellT.Z. (Passport for non-citizens) CellT.Z. (Passport for non-citizens) Did you make Aliyah? Yes No Date of AliyahMM123456789101112DD12345678910111213141516171819202122232425262728293031YYYY20232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119901989198819871986198519841983198219811980197919781977197619751974197319721971197019691968196719661965196419631962196119601959195819571956195519541953195219511950194919481947194619451944194319421941194019391938193719361935193419331932193119301929192819271926192519241923192219211920Did you make Aliyah? Yes No Date of AliyahMM123456789101112DD12345678910111213141516171819202122232425262728293031YYYY20232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119901989198819871986198519841983198219811980197919781977197619751974197319721971197019691968196719661965196419631962196119601959195819571956195519541953195219511950194919481947194619451944194319421941194019391938193719361935193419331932193119301929192819271926192519241923192219211920BirthdateMM123456789101112DD12345678910111213141516171819202122232425262728293031YYYY20232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119901989198819871986198519841983198219811980197919781977197619751974197319721971197019691968196719661965196419631962196119601959195819571956195519541953195219511950194919481947194619451944194319421941194019391938193719361935193419331932193119301929192819271926192519241923192219211920Academic/Professional Degree BirthdateMM123456789101112DD12345678910111213141516171819202122232425262728293031YYYY20232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119901989198819871986198519841983198219811980197919781977197619751974197319721971197019691968196719661965196419631962196119601959195819571956195519541953195219511950194919481947194619451944194319421941194019391938193719361935193419331932193119301929192819271926192519241923192219211920Academic/Professional Degree Marital StatusMarriedSingleWidowedDivorcedDate of MarriageMM123456789101112DD12345678910111213141516171819202122232425262728293031YYYY20232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119901989198819871986198519841983198219811980197919781977197619751974197319721971197019691968196719661965196419631962196119601959195819571956195519541953195219511950194919481947194619451944194319421941194019391938193719361935193419331932193119301929192819271926192519241923192219211920Number of DependentsAges of Dependents Current Address (Address, City, State, Zip) Country Do you rent or own? Rent Own How much is the monthly rent?Do you rent or own? Rent Own How much is the monthly rent?Do you own a home? Do you have a current mortgage? For what amount? Employment Information Employment StatusSalaried EmployeeSelf-EmployedStudentPensionerUnemployedOccupation / Profession / Title Employment StatusSalaried EmployeeSelf-EmployedStudentPensionerUnemployedOccupation / Profession / Title Company Name Address of Company Company Name Address of Company Dates / Period of Time at Current Job Dates / Period of Time at Current Job Net Monthly Income (NIS)Net Monthly Income (Foreign Currency)Net Monthly Income (NIS)Net Monthly Income (Foreign Currency)Other Income (stipends, parents, pension, investments)Other Income (stipends, parents, pension, investments)Bank Name, Branch Number, Account Number Mortgage and Property Information Property Address Number of RoomsWhich floor?Property TypeApartmentHousePlot of LandValue of Property (in NIS) Amount of Mortgage Requested (in NIS) Date Mortgage is Needed ByMM123456789101112DD12345678910111213141516171819202122232425262728293031YYYY20232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119901989198819871986198519841983198219811980197919781977197619751974197319721971197019691968196719661965196419631962196119601959195819571956195519541953195219511950194919481947194619451944194319421941194019391938193719361935193419331932193119301929192819271926192519241923192219211920Closing DateMM123456789101112DD12345678910111213141516171819202122232425262728293031YYYY20232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001200019991998199719961995199419931992199119901989198819871986198519841983198219811980197919781977197619751974197319721971197019691968196719661965196419631962196119601959195819571956195519541953195219511950194919481947194619451944194319421941194019391938193719361935193419331932193119301929192819271926192519241923192219211920Amounts Already Paid Length of Mortgage desired (max 30 years) From whom purchased?ContractorCompanySecond-handRegistered InLand Registry OfficeIsrael Lands AuthorityHousing CompanyThe amount of mortgage approved by the bank is based on a percentage of the APPRAISED value of the property, and not necessarily the amount you paid for the property. Please note that it is common for the appraised value to be lower than the current market selling price. Do you have any reason to believe that your property would be appraised for less than the actual purchase price?The amount of mortgage approved by the bank is based on a percentage of the APPRAISED value of the property, and not necessarily the amount you paid for the property. Please note that it is common for the appraised value to be lower than the current market selling price. Do you have any reason to believe that your property would be appraised for less than the actual purchase price? Yes No Have there been any renovations or additions to the property that may have required a permit?Have there been any renovations or additions to the property that may have required a permit? Yes No Was a permit obtained?Was a permit obtained? Yes No In most cases, the bank requires the following: a) Your down payment funds must be paid before the bank will release any portion of the mortgage funds to the seller/builder. Is this a problem?In most cases, the bank requires the following: a) Your down payment funds must be paid before the bank will release any portion of the mortgage funds to the seller/builder. Is this a problem? Yes No In most cases, the bank requires the following: b) The purchase taxes for the property must be paid prior to the bank releasing any portion of the mortgage funds to the seller/builder. Is this a problem?In most cases, the bank requires the following: b) The purchase taxes for the property must be paid prior to the bank releasing any portion of the mortgage funds to the seller/builder. Is this a problem? Yes No SUPPLEMENTAL DOCUMENTATION In addition to the above application, please provide copies of the following: 1) Proof of Identification ISRAELI CITIZENS: Teudat Zehuts of both spouses. Please include the complete unfolded sefach (the paper portion of the teudat zehut) NON-ISRAELI CITIZENS (who do not also have Israeli citizenship): Passport and Driver’s Licenses of both spouses. _______________________________ 2) Bank Accounts Israeli Bank Accounts: Bank statements for 3 months Foreign Bank Accounts: Bank statements for 3 months from any bank accounts that show deposits of income. _______________________________ 3) Proof of Income FOR ISRAELI SALARIED EMPLOYEES: Work receipts (pay stubs) for the last 3 months from any income earned in Israel. FOR ISRAELI SELF-EMPLOYED WORKERS: Tax returns for the last 2 years + Letter from a certified accountant confirming income from January 1 (of the current year) – Present. WORK EARNED FROM ABROAD: Last 2 years’ tax returns. (For US Citizens: For the most recent year, the full tax return is required. For the previous year, only the first 2 pages of the tax return are required. _______________________________ 4) Credit Report and Credit Score. (US, UK and Canadian Income Earners) For citizens earning income in the US, the UK and Canada: Credit Report and Credit Score (from the US, UK or Canada) from the main income earner. This may be obtained from one of the following websites: www.fico.com, www.transunion.com, www.equifax.com _______________________________ 5) Cosigners In situations where a borrowers’ income is not sufficient to meet the bank’s standards, a cosigner may be used. The cosigner must provide the same documentation as the borrower (Items 1-4). The mortgage application itself need not be completed by the cosigner _______________________________PLEASE ATTACH YOUR SUPPLEMENTARY DOCUMENTATION. Drop files here or Select files Max. file size: 256 MB. ADDITIONAL INFORMATION Mortgage Repayments To qualify for approval you (or a cosigner) will need to show verifiable income of at least 2.5 times your expected monthly mortgage payment Monthly Repayments per 100,000 NIS Rate 15 Years 20 Years 25 Years 30 Years 4% 740 610 530 480 5% 790 660 580 540 6% 850 720 650 600 7% 900 780 710 670 Costs of the Mortgage Process Bank Origination Fee: Approximately 0.25% of loan amountMorgan Mortgage clients receive a discount on this fee depending on the arrangement with the relevant lending institution. Appraisal fee:An appraisal of the property is required in most cases. Cost varies between 450 NIS - 2,000 NIS depending on the bank’s requirements and the cost of property. Life Insurance on the loan: This insurance is mandatory in most cases and is required for all people signing on them mortgage. This insurance covers the loan amount in the case of death of any of the borrowers. The cost of the insurance depends on the health and age of the applicant. The cost is approximately: 20 NIS - 80 NIS per 100,000 NIS borrowed, per month. Property Insurance(Mandatory): Covers fire, flood, earthquake and other natural disasters. The cost is approximately 10 NIS per 100,000 NIS of property value.
0525-688-940 
aaron@morganmortgage.co.il 0525-688-940 aaron@morganmortgage.co.il 
0525-688-940 aaron@morganmortgage.co.il