Taking out a mortgage is Israel might be very challenging compared to the faster process in the USA or Europe. Dealing with the Israeli bureaucracy might be very tiring and frustrating. Buying a house is one of the most important financial decisions you will ever make. And a using the services of a local mortgage broker can assist you in taking out the best possible mortgage.
According Erez Shemesh a licensed Mortgage broker in Israel, owner of website www.evensapir.co.il there are significant benefits when using the services of a local mortgage broker.
Saving Money: If you considered taking out a mortgage without the help of a local mortgage broker you you may end up paying for it dearly. In many cases the difference between taking a mortgage without a mortgage broker can cost you a lot of money.
In many cases the bank offers its customers expensive rates and the most profitable mortgage plan for the bank. An experience mortgage broker can negotiate with the bank to give you the best mortgage.
Knowledge: As mentioned previously, “knowledge is power”. If you choose to take out a mortgage without the help of a professional or experienced broker, the power remains at the bank. Taking out a mortgage is not a rocket science, but it might take you several months to examine the various mortgage plans and choose the best combination for you. And even then it will still be very difficult for you to know if the offer that the bank gave you is the best you can get.
Saving Time: Time is very import resource. The process of taking the mortgage might take a lot of time. It might take up to two or three months from the first time you entered the bank for the first meeting till the mortgage amount is transferred to the seller. Negotiating for the best possible mortgage is a very time-consuming process. An experienced mortgage broker in Israel can save you a lot of time, and understands how to handle all the bureaucracy.