In cooperation with Bank Mizrahi Tefahot
Katia Aberbuch and Lior Oren, the sweet couple who recognized the "wedding at first sight" and went on with their lives, encountered a barrier that every young couple encounters: her apartment.
"We grew up," Katia says with a smile.
"Taking her mortgage is already a serious matter."
how did you do it
"First of all, we did some homework. We checked with family and friends, read a bit about the options and got a picture of how it should and should be done. There is a lot of information that is important to know, and it is important to put it in order. Of the two of us, Lior is a little more knowledgeable about financial matters, So it was easier for him, but I can say with my whole mouth that Shimirev, our banker in Mizrachi Tefahot, explained everything to me in detail and patiently, until I understood."
Beyond the experience, I'm interested in knowing about the process itself.
What made the process easier for you?
"We were relieved that we felt that we were fully supported. That there is a professional and skilled person who makes sure that we understand all the options available to us, and that we make an informed decision that suits us. After doing a market survey and receiving offers from all the banks, we chose the best offer, which we received in Mizrahi Tefahot, and we are completely satisfied ".
Tell us about the service you received from Meriv.
What were you particularly impressed by?
"The service we received was simply excellent. In addition to being a pleasant and welcoming woman, she also gave us all the information in a flowing and matter-of-fact manner, and answered all our questions - and there were quite a few. We are two very considerate and thoughtful people, and as mentioned, it was important for us to feel that we We are aware of all sides of the mortgage contract that we are signing, and Merev definitely answered this demand."
What questions arose during the process?
"Quite a few questions arose, such as: for how many years will we have to commit? If we want to commit to less or more, to what extent will this affect the monthly repayment and the entire final repayment? What routes exist for taking out a mortgage, what is the difference between them and what is the meaning of each? How do you spread risks In a smart way?".
Do you use the bank's Tefahot Touch application?
"Obviously there are users. It was really convenient for us to go through most of the process via the mobile phone, and the main advantage of Tefuh Touch is that the bureaucratic parts become simple and easy. Another advantage, which we really enjoyed, is that we were accompanied the whole way by a mortgage expert, who guided us through the necessary actions , updated in real time on any progress, and was available for any of our questions and inquiries."
Who is more involved in financial matters - Lior or Katia?
Katia: "Lior, but I like to ask all the questions."
A tip for couples who are before taking a mortgage?
"Taking out a mortgage is a step you don't do every day, but it doesn't have to be as scary as it might sound. It's important to contact an expert in order to understand what the options are before you and ask all the questions, and of course you have to choose your apartment according to your equity and ability to repay Her mortgage is a commitment for many years, and you must make sure that the monthly repayments will be well integrated into the monthly family expenses, and that, God forbid, they will not become oppressive and unbearable. In short, the best thing is to contact Tefahot's experts - they will already sort out all these matters for you."
Merav Nachmani, manager of mortgages at the Beit Shemesh branch // Photo: Avshalom Sashoni,
Everything in one place - in the Tefahot Touch application
Mirav Nachmani, manager of mortgages at the Beit Shemesh branch, explains that the process of taking out a mortgage begins with a conversation with a specialist banker, at the branch or at the mortgage center, where the needs and financial capabilities are clarified before signing a contract.
"At this point we are submitting a request for approval in principle so that the customers can sign a contract, without fear of the financial aspect," says Nachmani.
"After signing the contract, the customers come to the branch for signatures, receiving a briefing and instructions for carrying out the mortgage, including detailed paperwork that must be completed before the loan is granted. Upon completion of the required, we perform an additional check, to make sure that we comply with all the procedures and instructions, and at the end we transfer the funds according to the agreement" .
Katia and Lior were very helpful with the Tefahot Touch app, throughout the process.
Can you tell us a little about the app?
"The bank's unique application allows the customer to carry out most of the process in a direct and fast digital way, accompanied by the expert banker. The customer can upload documents online without having to go to the bank branch, download approvals from the bank, follow the stages of the mortgage at any time in the application and correspond with the banker on any matter. Everything In one place, simple and easy. I recommend it to any client who values the combination of personal and professional service with advanced digital tools. It definitely makes the process much friendlier and more pleasant."
What are your tips for couples who have started the apartment search process?
"Purchasing an apartment requires preparation and planning - plan well and adapt the apartment to your financial capacity. The 'apartment dream' should be realized in a realistic and realistic way, and should be adapted to the equity you have and your financial abilities to meet this commitment until the end."
For those who already have a mortgage.
When should he recycle her?
"I always advise clients to keep their hands on the pulse. For the most part, mortgages are refinanced in two situations: one, when there is a difficulty in the ability to repay and it is required to spread the loan over a long period, in order to reduce the monthly repayment. The second, when there is economic viability. Changing the mix Its mortgage may generate following an increase in income or a decrease in the interest rate environment, it certainly did generate savings in the long term. A professional examination with the bank's experts will make it clear to you whether the step is worthwhile and worthwhile or not."
If we received a large amount of money - should we cover her mortgage at once?
"This is a good question, the answer to which is primarily related to the characteristics of the customers and their future financial plans. Along with those who will choose the early repayment option, in order to 'get rid' of their mortgage, there will be others who think they can do more with the money that fell to them, if they invest it in the appropriate channels. So Each case individually."
Is it possible to change the mortgage repayment date?
"Certainly, at any given time, by calling the mortgage center at *8860 or contacting the specialist banker at the branch."
The above is for information purposes only and does not constitute an offer to grant the loan. Providing any type of credit subject to the bank's discretion. Failure to repay the loan may result in arrears interest being charged and enforcement procedures.
In cooperation with Bank Mizrahi Tefahot