Mortgage Refinancing
Sometimes the mortgage track you chose is no longer right for you.
Is your monthly repayment weighing you down?
Have interest rates or the CPI risen since you took out your mortgage?
Do you have several loans and want to get them in order?
A mortgage is a long-term commitment, but it doesn't have to stay the same throughout the entire period. Changes in your personal or financial situation, or in the economy, can justify re-examining the mortgage, and sometimes even replacing it.
When should you consider refinancing?
• Your financial situation has changed – it has stabilized or improved, or you have new expenses.
• You want to change the pace of repayment – lower the monthly repayment, or raise it and finish earlier.
• A change in the Bank of Israel interest rate or in the CPI is expected.
• You have turned your home into an investment or rental property.
• You need money – refinancing can also let you raise an additional amount, or consolidate expensive loans into the mortgage.
And when not to? Refinancing involves early repayment fees and associated costs. Not every refinancing pays off, so the first step is a calculation, not a decision.
Key points in assessing whether refinancing pays off
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Calculation of early repayment fees for each track
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Comparison of your current mortgage mix with a new one
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Negotiations with the current bank and other banks
"He talked me out of a refinancing that didn't pay off, even though that's how he earns his living. Trustworthiness above all." – Sharon Seidel
"A consummate professional – I refinanced and took an additional amount through him. Everything was clear, accessible and pleasant." – Anat S
I am here for you.
I will review your existing mortgage and calculate whether refinancing is worthwhile after all costs. If so, I will build a mortgage mix that suits your repayment capacity, manage the negotiations, and support you all the way to signing. If not, I will tell you so.
Ready to check?
Get in touch today to find out whether refinancing is worthwhile for you.