The Israelis who make a splendid career out of banking

While for most of us a mortgage is a choking and expensive undertaking for at least 20 years, there are a handful of people who have found the method of "legally" stripping banks, serving as a kind of Robin Hood to borrowers and the way to build a thriving business (NIS 6,000 per customer and hourly wages of NIS 600 per hour). sounds strange? We went out to check

revolution. This is probably the most accurate word to describe what is happening today in one of the industries that make the most money for us - the mortgage world. In a world where an apartment is the "Holy Grail" for every family in Israel and the banks hold all the keys on the path to that sweet dream, it is clear to everyone how we have become slaves to the system.

When I first met Shimon Sheetrit, I didn't understand what all the fuss was about. I saw a charismatic man in front of me with 9 years of mortgage experience and a great vision to change the world, but I couldn't see the whole picture. After an hour and a half of intense interviewing, I realized exactly what "revolution" he was talking about, and why it was important to shout her message as loud as possible.

(Shimon Sheetrit: "Mortgage knowledge is something the bank will be glad you don't have")

Shimon Sheetrit (Photo: Official Website)

Sheetrit (39), a well-known figure in mortgage consulting in the world, has spent the last 9 years of his life studying in depth the banking system, advanced financing of the mortgage subject and training of professional mortgage advisors ("patrol") in Israel.

Two years ago, Sheetrit, together with Adi Stern Academy, established mortgage advisors. This is of course after seeing the size of the problem and the discrepancies between customers and banks that cause the bank to make huge money at the expense of the mortgagee public, while this market is growing at a rapid rate every year and the little citizen has no idea who is making a box on his back (and not someone to protect and tell him the truth) .

During the years when Sheetrit was involved in the field, he showed more than 1500 families the way to a better and more economically viable life, and now he has decided to spread his word so that more people will join the fight and there will be enough mortgage counselors to reach every home in Israel. In fact, he saved those families from the cruel hold of the banks' nails by saving them tens and hundreds of thousands of dollars on the mortgage they took - sometimes within a few hours.

The spoken method, which was reserved for nothing, was first revealed to the public in a powerful video series that stirred up the rage of the governing financial power in the country ... Now, it's time to find out, why is he doing it?

"There is a problem in this market. A very big problem even." He testifies.

"For many years I lived in a bubble. I was sure the picture through which I saw the world of mortgages in Israel - is the reality. I saw with my own eyes young couples walking towards the bank, couples who were just starting their lives, sitting in front of the bank's mortgage consultant full of hope and excitement, confident he was going Save them and give them the best mortgage available.

What they don't know is that the same advisor is actually a bank messenger (rather a peppery salesperson) whose goal is the bank's goal - to make as much money as possible for each and every customer ... and at that moment, the innocent couple sign the mortgage that the bank offers him, at 99% of the time is the same time that the couple did his fate and became a bank inmate forever. By the way, it's not that the mortgage advisor is a bad person, it's simply with the opposite interest of the couples. And that's the thing the public doesn't know or understand. "

Simon, who says that "the ordinary citizen is a prisoner of the bank", what do you mean exactly?

"What actually happens is that young couples in the State of Israel are in such a desperate state today (because of housing prices), which makes them look for financing candles that make sense for their apartment. And not only that, they check every corner, consult with anyone who" understands " With finances, Google is plowing in every direction, and finally consulting with the banker who works for the bank that simply tells them: "No problem, you have nothing to worry about, I'll give you the most lucrative mortgage, with the most convenient repayment there is. You guys are so cute and remind me of myself when I started the road with my husband ... "

Okay, and what's the problem with that?

"After that banker manages to convince the innocent couple, in the end she really puts them into the most lucrative deal there is. Just one thing she doesn't tell them - it's the most lucrative deal for the bank and not them !!! You understand, once you've borrowed the bank, you actually drew the Your fate is at least until retirement. Now, all your efforts and hard work over the next few decades will be for one purpose - repaying your monthly mortgage payment no matter what! That's what makes you a bank prisoner. "

(Sheetrit: "Once you took a mortgage from the bank, you became his prisoner")

Mortgage reporter (Photo: screenshot)

But we all go to the bank and take out a mortgage, you and I, too. What's wrong here?

"I will explain… the problem itself is not taking the mortgage. Look, today, the mortgage is the only way for any citizen to get an apartment (unless you were born with a gold spoon in your mouth or you were very successful in life). You walk to the bank as a young couple, you know you don't have too much Possibly, and even if you have researched the topic from T to T you still do not really know what mortgage is right for you. The big problem is the conditions (!) Of taking the mortgage, the conditions that take the mortgage are the ones that cause you to lose hundreds of thousands of shekels During the life."

What do you mean by "conditions"?

"Don't know if you knew, but today mortgage banks have over 32 different mortgage paths. Tell me, I will also tell you all the 32 tracks here and now, do you think you will remember and choose a path that suits you? I'm sure not. And more than that, Do you have a way to calculate all the routes and know what the most lucrative route is for you? Obviously not, this is something only the banker knows, and probably he will not tell you this because his interest is completely the opposite of yours.

You need an expert who knows how to 'play' with the options and numbers, because every little change can make a huge difference in your pocket. For example, recently a couple came to me who within 5 minutes realized that changing a few individual numbers could save NIS 290,000 over the life of the mortgage. Madness. "

Voila, sounds unfair and I would even say sneaky. Do you have an example to give me in case you know?
"Sure, much more than one ... Take for example Alia and Deborah, a nice couple who came to me after already receiving one offer from the bank. They asked for NIS 1,800,000, the bank gave them a one-third prime and a fixed (unlinked) one-third every five years. The third prime rate was 1.45 percent, the fixed rate is 25 years at 4.35% and changes every 5 years to 30 years at 2.94 percent, which means that they will pay NIS 7,850 every month and repay interest and linkage payments of NIS 1,586,464 in a period of 25 and 30 years (know it's Chinese, but flow with me for a moment as soon as it becomes clearer).

When they came to us, we took the same offer without changing anything and went to a competing bank… We did it to compare their offer with the new one we got through without changing anything in the mix yet. So in the 30-year prime, we got 1.15 percent. In the variable every five years we received 2.53 percent, and fixed (unlinked) we received 3.95 percent, which means a monthly repayment of 7,553 (a difference of NIS 301) and a cumulative interest and linkage payments of NIS 1,433,332. That means a saving of NIS 153,132 in what is known as a "finger wrap" for a mortgage consultant.

We can upgrade this "magic" even more if we change the mix, which we have not yet done in this situation. Now show me one sane person in Israel who would prefer to pay another NIS 153,132 on his mortgage instead of saving them with the help of a professional mortgage counselor.

Do you understand?? In two meetings and a few simple actions, Alia and Deborah managed to save NIS 153,132.
Needless to say, they were in the clouds after this change, and another with a NIS 301 reduction in monthly repayments, without going through the torment of endless bureaucracy, pressures and unavailability from the bankers. "

(The "magic" in mortgage counseling: an example of a consultant's offer that is NIS 537,000 cheaper than the bank's offer!)

(The "magic" in mortgage counseling: an example of a consultant's offer that costs NIS 537,000 from the bank's proposal!) (Photo: official website)

Israeli citizens are not suckers

Okay, so basically the bank here isn't really in my favor by what you say. But what can I, as a person, just do against it ?! After all, they hold all the keys.

"Very simple. Mortgage advisers (those" super heroes "in our field who manage to help any family facing the formidable monster called a mortgage) are not necessarily people with Einstein's IQ or mathematical geniuses. Those families until recently, but thanks to the right knowledge and intent, they have earned this nickname by virtue and not by kindness.

Once the mortgages in the country start taking people seriously, that is to give them all the knowledge and not to hide from them, give them the tools that really work and not half the calculations with the banker who is in front of you, provide close guidance from real consultants and not those who have an interest in making as much money as possible and make You and shackle you in the bank's chains, and most importantly, the day that there is a system here that prevents people from taking out a mortgage before they are really ready for it - only then will there be a real revolution here and the losses will stop. So, really anyone can take the mortgage that suits them, pay the lowest price and still leave the opportunity to live with dignity. "

Anyone can be a mortgage advisor

I want to understand something, anyone can learn the mortgage consulting field?

"Of course, and this has been a lot of evidence for years. Just remember that this is not a magic button that is being pressed and money is starting to come down from the sky, but you have to try and work for it. But with a little motivation and a desire to succeed, anyone can. Anyone can either."

And let's face it, how much would each customer have to pay if I asked?

"Look, this is divided into two types, private advisers and bank advisers. The difference between the two is heaven and earth. Mortgage advisers who work as bank employees are on the bank's side (presumably), and as they sold you a higher-interest mortgage, the way they are considered outstanding bankers Get more and receive benefits from the bank (at your expense as a customer).

In contrast, private mortgage advisors (not aligned with the bank's interests but with the client), their goal is to use their service and they will see profits from what they have saved you. In other words, there is a real WIN-WIN here, and every mortgage portfolio is worth a few thousand shekels.
The customer no matter how much it costs him as long as you save him 15-30 times what he paid you. The couples will pay you for fun and they will also thank you for saving them from taking a mortgage that is not good for them. Agree with me that every sane person will pay NIS 6,000 for counseling and save himself 100,000. "

(Sheetrit: "Any sane person will pay NIS 6,000 for counseling and save himself 100,000")

Shimon Sheetrit (Photo: Official Website)

Ok, admit that you were a little intrigued by me. Who's really fit to become a consultant in your opinion?

"For anyone who wants extra income, who understands there is no magic formula and takes a few months to learn the field. It is true for people who are looking for extra income as well as for those who want to move to professional conversion and work from home. When you know how to make money from private mortgage advice, you can do it from home "From the beach, from the cafe or while on vacation in Italy - whenever you want. The only limitation is that you need a computer and the Internet. In our field, you don't have to work long hours to bring a fat salary home."

I was convinced that there were crooked things in this area, but how did this relate to the revolution? I still don't understand.

"What I've told you now is a serious secret that kept people here for years. The revolution here is that there is a new profession in Israel called 'Mortgage Advice', anyone can study it within 60 days. No degree, no diploma, and enough 2 clients a month to earn NIS 12,000, that we will not talk about saving tens and hundreds of thousands of shekels without people thinking it was possible at all. This is my friend - a revolution.

And after much deliberation, I decided to reveal the truth not only in an interview with you, but in a series of free videos that I released a few days ago for a limited time. I'm going to get a head start on this from my competitors (and a good chance from the stakeholders, too), but it doesn't really interest me. I don't see the eyes and people here need to know the truth. "

What's going to be different this time it's never been before?

"In short? All the secrets that make Adi and I make NIS 50,000 a month from private mortgage consulting are now 100% accessible for the first time to the general public, including you. All the secrets, all the tricks, all the truth about how to succeed in this field, without regret. This one - firm. "

And how do you get those videos?

"Oh, it's easy: subscribe to the special page and get instant access to the first video. Believe me, in the NIS 5 billion market a month and 60 billion a year, with 86,000 customers a year plus a few hundred thousand potentials (including the neighbor opposite and all the guys from work who don't know The option to upgrade their mortgage) - you just have enough of that to upgrade your life several times. "

A final word?

"Enough that caused just one more person to join our forces (mortgage advisors), fight the aggressive banks and save a few more pairs of financial labs - and I did mine."

<< To view the video series (free without obligation) about the world of mortgage consulting click here link >>

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* In this article, there is no guarantee of income or getting rich from mortgage consulting, the success of each consultant is measured by his personal ability, professionalism and several other factors.