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# Entrepreneur of the Week Dror Dorinbaum # Post 6 “The Magic Formula” So we got to the final episode, it felt like a diary to me…

#יםמהשבוע Dror Dorinbaum #Post6 "The Magic Formula" So we reached the final chapter, it felt like such an abbreviated travel diary. And I hope you were able to take something with you from all of the above and even if you didn't, that's perfectly fine. I read a lot of posts that talk about almost everything, and I thought it would be right to share mindset and not just theoretical content to bring added value. Most of you poured out compliments and I…

Responses

  1. The easiest way to do this. It's taking a mortgage together and taking into account between you. It is not possible to have two mortgages at the same time on the same property. If this is a second apartment for both of you, you can get up to 50 percent financing. If it is a replacement apartment for both of you (according to the statement with the tax authority) up to 70 percent financing if for one of you it is a second apartment and for the other it is a first apartment up to 60 or something. Financing percentage

  2. This is possible, and as we said before complicated, and should do with a consultant.
    It's easy to consider that the second buyer will also be charged to the bank. How much he will be charged depends on the bank.
    Disclosure - I am a mortgage advisor, and I have already done several such cases.

  3. I didn't quite understand the question, is the partner bringing all the equity and are you taking the mortgage?
    I had a case like this and I bought with a partner, he brought 50 equity and the mortgage I pay but in terms of the bank we both registered in the mortgage, in terms of the bank he also owed. I also pay the life insurance on him because he is not supposed to be in this regard. We evenly distribute the rent.