An anonymous post by a friend of Beaver's Flipper who wishes to remain anonymous then called him ...
An anonymous post by a friend of Beaver's Flipper who wishes to remain anonymous is then called Mr. X but is not related to Project X:
Hi everyone,
I wanted to raise an interesting subject ..
So after I went through all the way to get an American mortgage ..
There's a mortgage - there's a house.
Interest rates in Israel are significantly lower than the interest I pay in the US.
Because an American bank gave its trust and valuation to this price, I wanted to know if there are Israeli financing entities that would rely on the investment bank that gave me the mortgage to replace an expensive loan more cheaply.
(If I received a mortgage of 8% there, then get from an Israeli body grace of 5% interest)
Familiar to someone?
Thank you!
The original responses to the post can be read at the bottom of the current post page on the site or in the link to a post on Facebook and of course you are invited to join the discussion
- Why not refinance to a US loan?
- Check for all purpose loans with banks in Israel. They have a foreign residents department and there is a situation they will agree to
- When I checked a loan from Israel they definitely took into account that there was an American bank that approved me.
- I'm here just for the bumpy *
Successfully - A bank in the country will not give you a loan here on a US property. When the asset is the guarantee. There are no prospects.
- The US mortgage is more expensive because the interest rate is fixed to 25-30 a year and is not indexed to any index. There are cheaper mortgages if they are fixed in the short term of 5-10 years and then vary depending on the market situation.
In Israel the interest rate is cheaper, linked to any index that is likely to rise.
It's hard for me to believe you can get a mortgage at a lower interest rate than an Israeli bank for an American asset, but if you find a solution like that, I'm sure everyone will want to learn from you - Today, the average interest rate is 4.15% and probably (most likely) it will drop next week to 3.95%… Which bank in Israel gives such interest? The mortgage here is "fixed" and not linked to the indices of construction inputs and liability nonsense
- Don't be confused ... In the country, no mortgages will be registered on a property in the United States ... except on property in Israel
Don't be confused ... In the country, no mortgages will be registered on a property in the United States ... except on property in Israel
Today, the average interest rate is 4.15% and probably (most likely) it will drop next week to 3.95%… Which bank in Israel gives such interest? The mortgage here is "fixed" and not linked to the indices of construction inputs and liability nonsense
Today, the average interest rate is 4.15% and probably (most likely) it will drop next week to 3.95%… Which bank in Israel gives such interest? The mortgage here is "fixed" and not linked to the indices of construction inputs and liability nonsense
The mortgage in the US is more expensive because the interest rate is fixed for 25-30 years and is not linked to any index. There are cheaper mortgages if they are fixed for a short period of 5-10 years and then change depending on the market situation.
In Israel the interest rate is cheaper, linked to any index that is likely to rise.
It's hard for me to believe you can get a mortgage at a lower interest rate than an Israeli bank for an American asset, but if you find a solution like that, I'm sure everyone will want to learn from you
The mortgage in the US is more expensive because the interest rate is fixed for 25-30 years and is not linked to any index. There are cheaper mortgages if they are fixed for a short period of 5-10 years and then change depending on the market situation.
In Israel the interest rate is cheaper, linked to any index that is likely to rise.
It's hard for me to believe you can get a mortgage at a lower interest rate than an Israeli bank for an American asset, but if you find a solution like that, I'm sure everyone will want to learn from you
A bank in the country will not give you a loan here on a US property. When the asset is the guarantee. There are no prospects.
A bank in the country will not give you a loan here on a US property. When the asset is the guarantee. There are no prospects.
I'm here just for the bumpy *
Successfully
I'm here just for the bumpy *
Successfully
When I checked a loan from Israel they definitely took into account that there was an American bank that approved me.
When I checked a loan from Israel they definitely took into account that there was an American bank that approved me.
Check for all purpose loans with banks in Israel. They have a foreign residents department and there is a situation they will agree to
Check for all purpose loans with banks in Israel. They have a foreign residents department and there is a situation they will agree to
Why not refinance to a US loan?
Why not refinance to a US loan?