A revolution in the world of lending?
The burden of lending is causing many Israelis to collapse financially.
In the last decade, the lending market has skyrocketed.
About five percent of the public hold at least five loans, at a time when the corona crisis is refusing to go away and prices in Israel and throughout the Western world are rising, making it difficult for many to meet the loan burden.
What are the legal ways to reduce the amount of the monthly repayment and go into financial freedom?
How to get a mortgage loan under one roof?
All the ways to get out of the tangle of loans are found in the following article.
NIMCO DESIGN
"We were able to reduce the monthly repayment of all loans for a married couple from NIS 14.5 thousand to only NIS 4,000," notes Ido Oz, owner and founder of "Smart Mortgages" and an expert in obtaining loans for bank defaulters.
Oz explains that "there is a solution for those who own an apartment or property, who have several loans - and they have difficulty meeting repayments through consolidating loans into one mortgage loan."
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"Consolidation of loans under one roof"
"A person who takes out a loan in order to close the deficit, may very quickly need another loan. The solution is to consolidate all the loans under one roof - one mortgage with a lower monthly repayment," explains Oz, whose company has so far helped hundreds of customers avoid financial collapse and expense procedures. To practice.
And what about bank refusers?
"Bank refusers also have a solution," Oz notes, referring to a 50-year-old customer from Rehovot who owns an independent business, who ran into financial difficulties due to a decline in revenues due to the Corona restrictions.
In addition, his hired wife went out to the hospital, which further complicated the situation. As a result, the customer had to go to the bank to apply for a loan.
"He was refused by the bank because he was reinstated and he did not meet the financial burden. All in all, he is a normative citizen who finds himself in this situation of no choice. I promised to help him and his family get a low-interest mortgage, get out of crisis and mental freedom."
The amount of the monthly repayment has dropped from NIS 12,000 to NIS 4,000
After a while, the income went up again and his wife went back to work.
However, this did not stop him from taking the procedure of selling the property he loved to get out of the tangle.
He could not take out additional loans and he did not meet the same loans he had taken out before.
"We were able to arrange a non-bank loan for that person from one of the largest insurance companies in the market. In fact, that person took advantage of the sale of the property and a financial collapse. What's more, if he had sold the property under pressure, he would have made a bad deal," Oz said.
The expert clarified that the amount of the monthly loans has dropped from NIS 12,000 to only NIS 4,000.
That person had a number of loans in addition to her mortgage, which she had to pay off.
"If that person had not approached me, he would probably have gone bankrupt today," Oz said, detailing the process. "One mortgage. This procedure makes it possible to manage the account in a healthier and more correct way because there is only one loan, instead of several loans, which leads to a significantly lower monthly repayment."
Solutions for bank refusers and negative BDI
"There are solutions for clients who have returned many standing orders, returned checks and even in more serious cases of open execution cases," the expert noted, and demonstrated: "We were able to approve a mortgage for the client, with which he closed cases opened against him in execution, "The mortgage helped him open a new page and start paying a low monthly repayment, which he can afford. At our office we are never said to be desperate and we will help any property owner or apartment get a loan," Oz noted.
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It is possible to take a non-bank loan from insurance companies and investment houses, which are considered reliable entities with a license from the Ministry of Finance.
"We know how to provide solutions that do not exist in banks. Today there are competitors for banks, such as insurance companies and investment houses, who give customers no less favorable conditions than the banks in very many cases," the expert noted.
Oz explained that "even customers with proper account management can often not get their answer from the bank, this is because banks allow to increase an existing mortgage in order to close debts only up to 50 percent of the value of the property, while in non-banking entities, we also approve up to 80 percent of its value ".
Mortgages for seniors
Oz went on to tell of another client of his office, a 67-year-old woman, who had loans of NIS 250,000. "She paid about NIS 7,000 every month. Her husband died in a work accident, which made her financial situation difficult. She was unable to receive A mortgage because she is too old, but we were able to approve a mortgage for the third age.
Do the banks consider the customer's benefit?
Bottom line, the bank will tailor a route that does not necessarily benefit the customer.
A mortgage adviser can build a customized route for the client.
This is because it represents the interest of the customer.
On the other hand, banks have an economic interest, and it is not necessarily the personal good of the customer that stands at their feet.
Is it possible to go to the bank and apply for a loan?
In principle it is possible - and many do.
At the same time, the average person does not know how to negotiate with the banks.
He does not have the required knowledge - and he does not have the bargaining power with the bank.
"To me, who represents thousands of customers, the banks treat us differently," Oz explains.
Benefit for "Israel Today" surfers
Ido Oz reveals here for the first time the benefit of "Smart Mortgages and Finances" for "Israel Today" surfers: "I invite the first 30 customers who come through the current article to a free consultation call without any obligation. Your coupon code is 'We came through the article in Israel Today' ".
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