Archives for April, 2007

israeli mortgage

Has your home really appreciated?

You bought a home five years ago. You paid $280K for it, and now people in your neighborhood are getting $480K. Are you a financial genius? Let’s take a close look at the numbers. In Israel, long-term home appreciation is thought to be 5% a year. The average home bought for $280K five years ago should be worth $357K over any average five year period. What about the other $123K in appreciation, that’s pure genius isn’t it? On radio chat-shows, they like to talk about “releasing” real-estate from its dependency upon the dollar. The fact of the matter is that the market has already adjusted itself to shekels, and we just haven’t realized it yet, or at least the talking-heads haven’t. Israeli banks were...
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brahot

תפילה לשלום המדינה

אָבִינוּ שֶׁבַּשָּׁמַיִם, צוּר יִשְׂרָאֵל וְגוֹאֲלוֹ, בָּרֵךְ אֶת מְדִינַת יִשְׂרָאֵל התגשמות גְּאֻלָּתֵנוּ הָגֵן עָלֶיהָ בְּאֶבְרַת חַסְדֶּךָ וּפְרֹשׂ עָלֶיהָ סֻכַּת שְׁלוֹמֶךָ וּשְׁלַח אוֹרְךָ וַאֲמִתְּךָ לְרָאשֶׁיהָ, שָׂרֶיה, וְיוֹעֲצֶיהָ וְתַקְּנֵם בְּעֵצָה טוֹבָה מִלְּפָנֶיךָ. חַזֵּק אֶת יְדֵי מְגִנֵּי אֶרֶץ קָדְשֵׁנוּ וְהַנְחִילֵם אֱלֹהֵינוּ יְשׁוּעָה וַעֲטֶרֶת נִצָּחוֹן תְּעַטְּרֵם, וְנָתַתָּ שָׁלוֹם בָּאָרֶץ וְשִׂמְחַת עוֹלָם לְיוֹשְׁבֶיהָ וְאֶת אַחֵינוּ כָּל בֵּית יִשְׂרָאֵל פְּקָד נָא בְּכָל אַרְצוֹת פְּזוּרֵיהֶם וְתוֹלִיכֵם מְהֵרָה קוֹמְמִיּוּת לְצִיּוֹן עִירְךָ וְלִירוּשָׁלַיִם מִשְׁכַּן שְׁמֶךָ, כַּכָּתוּב בְּתוֹרַת מֹשֶה עַבְדֶּךָ: “אִם יִהְיֶה נִדַּחֲךָ בִּקְצֵה הַשָּׁמַיִם מִשָּׁם יְקַבֶּצְךָ יְיָ אֱלֹהֶיךָ וּמִשָּׁם יִקָּחֶךָ, וֶהֱבִיאֲךָ יְיָ אֱלֹהֶיךָ אֶל הָאָרֶץ אֲשֶׁר יָרְשׁוּ אֲבֹתֶיךָ וִירִשְׁתָּה…” וְיַחֵד לְבָבֵנוּ לְאַהֲבָה וּלְיִרְאָה אֶת שְׁמֶךָ וְלִשְׁמֹר אֶת כָּל דִּבְרֵי תוֹרָתֶךָ, וּשְׁלַח לָנוּ בֶּן דָּוִד מְשִׁיחַ צִדְקֶיךָ לִפְדּוֹת מְחַכֵּי יְשׁוּעָתֶיךָ הוֹפַע בַּהֲדַר גְּאוֹן עֻזֶּךָ עַל כָּל יוֹשְׁבֵי תֵבֵל אַרְצֶךָ, וְיֹאמַר כֹּל אֲשֶׁר נְשָׁמָה בְאַפּוֹ: “יְיָ...
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israeli mortgage

Why You Need a Mortgage Consultant

I’ve been getting a lot of questions lately about why to work with us. Is it really worth whatever fee we’re being paid? I think that the need to even ask the question provides the answer. Do you blindly trust your bank? At Nahala Home Mortgages we regard our clients as individuals with individual needs. There are NO on-line mortgage calculators that are helpful to anyone but the “average” and we’ve never met anyone who is average. All of our clients are individuals with individual goals and, thus, we have built our business on educating our clients through individual consultations. There are lots of loan options available and NO on-line mortgage calculator is worth your time; you are more unique than that. We can’t...
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interest rate

Be Realistic

Choosing a bank based solely on how much they are willing to lend you is not always the best possible option. There are many points that should be consider prior to purchasing a property, such as future employment changes, life situations and interest rate changes if you choose a variable interest rate loan. For first time buyers, especially in Israel, this is even more important.     Borrowing money without a relatively small deposit may sound tempting. However careful budgeting and an awareness of your spending limits are necessary. You will need to make sure you are able to service the loan adequately to buy your dream home and live comfortably in it. Life is filled with many surprises and these circumstances need to...
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