Mortgage Refinancing
Sometimes the path you took is no longer right for you.
Is the monthly repayment burdensome for you?
Has the interest rate or the index increased since you took out the mortgage?
Do you have several loans, and do you want to arrange them?
A mortgage is a long-term commitment, but it doesn't have to stay the same throughout the entire period. Changes in personal, financial, or economic circumstances can justify reexamining the mortgage, and sometimes even replacing it.
When should you consider refinancing?
• Your financial situation has changed – it has stabilized, improved, or expenses have been added.
• You want to change the repayment rate – reduce the monthly repayment, or increase it and finish earlier.
• A change in the Bank of Israel interest rate or the index is expected.
• You have converted a residential apartment into an investment or rental apartment.
• You need money – in refinancing you can also raise additional money, or consolidate expensive loans into the mortgage.
And when not? A refinancing involves early repayment fees and associated costs. Not every refinancing is profitable, so the first step is a calculation, not a decision.
Key points in examining the viability of refinancing
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Calculation of early repayment fees for each route
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Comparison between the existing mix and the new mix
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Negotiations with the current bank and other banks
"Moved me away from unprofitable refinancing even though it's a livelihood for him. Reliability above all." – Sharon Seidel
"A supreme professional – I did a refinancing + addition through him, everything is 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 mix that suits your repayment capacity, manage the negotiations, and accompany you until signing. If not, I will tell you that.
Ready to check?
Contact us today to check the feasibility of refinancing.