Why Use A Mortgage Broker?

Choosing the right type of mortgage

Choosing the right mortgage in Israel is not a straightforward decision because of the multitude and complexity of the mortgage products. The different mortgage options are linked to various indices and currencies, each with their own advantages and disadvantages. Some mortgages may appear to offer low monthly repayments, but have hidden costs which render the mortgage very expensive in later years. Each bank has its own unique portfolio of mortgage options. Having a third party, unbiased mortgage broker on your team will help you sift through the multitude of mortgage products and get you the best value for your money.

Choosing the right bank

Many banks are limited in their flexibility due to Bank of Israel regulations, while other banks are not limited in the same way, providing borrowers with greater flexibility and borrowing power. Working with a qualified mortgage broker allows borrowers to access the full uncompromised scope of mortgage products available in Israel.

Getting the best rates

An independent mortgage broker is able to offer discounted interest rates and reductions on bank fees because of the volume of business that the company brings to the banks.