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Buying a property in Israel is a challenging task, especially in the current climate where property prices are high and mortgage interest rates have risen, making homeownership out of reach for many. As a leading real estate company, we understand the challenges facing today's homebuyers, which is why we have made several financing options available to help you move forward toward your new home, most notably the "Damari Responsible Mortgage" plan.
In this article, we will focus on the benefits of the mortgage plan we offer, how it can help you save hundreds of thousands of shekels, and how to wisely manage the most significant step on the path to owning an apartment: the mortgage loan.
Whether you are a first-time buyer, upgrading your home, or purchasing a luxury apartment, this guide is for you.
- Damari's Exclusive Mortgage Plan: Your Key to Affordable Payments
Our unique mortgage plan, "Damari Responsible Mortgage," allows you to enjoy lower monthly payments and offers a subsidized interest rate that offsets most of the interest rate hikes from the past year, providing borrowers with security and a reduced, fixed payment for the entire term. We offer fixed, non-linked interest rates that ensure complete certainty regarding your monthly payment amount for the duration of the loan.
- Partnering with Mizrahi Tefahot, the Leading Mortgage Bank, for Your Benefit
- Our company collaborates with major banks, and in addition, together with Israel's largest mortgage bank, Mizrahi Tefahot, we have created a unique and highly advantageous mortgage plan for you.
- We partner with Mizrahi Tefahot to leverage our purchasing power for your benefit, allowing you to save and enjoy reduced, preferential interest rates.
- This partnership also allows you to secure mortgage approvals quickly and efficiently.
- Damari, in collaboration with Mizrahi Tefahot, offers you a fast track to obtaining loan approvals under preferential terms.
Don't navigate mortgages alone. Our consultants can help tailor a mortgage to your specific needs. Speak with our professional advisors today!
- Unprecedented Savings
Choosing a Damari mortgage can save you hundreds of shekels each month and result in cumulative savings of up to 225,000 NIS over the life of the loan. Our fixed, non-linked interest rate of 3.45% for 20/25 years is a game-changer compared to the market average of over 5%.
- Eligibility and Application Process
Eligibility Criteria: Any buyer purchasing a home in one of the participating projects by September 30, 2023, will be eligible for the special mortgage benefit. To qualify, you must meet the purchase conditions defined in the campaign regulations and satisfy the loan criteria established by the lending bank.
Receiving the MortgageTo secure your mortgage, you will be referred to a bank for preliminary loan approval. Approval is subject to meeting the bank's criteria and regulations. Additionally, a 20% down payment is required at the time of purchase as a condition for receiving the loan.
- Securing your mortgage
Once you reach out, we will begin the mortgage approval process with the bank. Your loan approval is subject to meeting the bank's terms and regulations.
- Tailored loan amounts
- Our sales offices provide a detailed price list specifying the approved loan amounts for each project, allowing you to plan your mortgage calculations effectively.
- Determining the subsidized loan amount: At our sales offices, you will find a clear price list defining the discount on the current list price for each property and the approved loan amount for the project. The loan amount varies by project, in accordance with the promotion's terms and conditions.
- Limited-time offer: Act fast for the best interest rates
Your loan terms, including the interest rate, are guaranteed for 30 days after signing the contract. We recommend acting quickly to lock in these favorable rates.
- Professional guidance and support:
- Our experienced sales consultants will guide and support you throughout the entire process, from selecting the right property to coordinating with the bank. Additionally, we provide access to professional mortgage advisors who will ensure you receive preliminary bank approval before signing the agreement and will tailor a loan plan specifically to your needs.
- Buying an apartment in Israel can be a complex process, but with the right knowledge and support, you can save money and make a smart purchase.
- Damari understands these challenges and enables buyers in our projects to benefit from responsible mortgage options, leading to monthly savings and significant long-term gains.
- Please note: Expert guidance at no additional cost.
- Our experienced mortgage and real estate consultants will accompany you at every step, from choosing your property to negotiating with the bank, helping you make informed decisions.
Don't let the complexity of interest rates and mortgage repayments hold you back. Talk to us today and open the door to your dream home while enjoying significant savings.
Contact our mortgage advisors today.
Navigating the Israeli real estate market can be daunting, especially with rising property prices and mortgage interest rates. At Damari, we are committed to simplifying this journey for you, whether you are a first-time buyer, looking for an upgrade, or seeking a luxury apartment.
Damari's exclusive mortgage plan: Your key to affordable repayments
Our unique mortgage plan, "Damari Responsive Mortgage," offers a subsidized interest rate that offsets most of the interest rate hikes from the past year. With Damari, you can enjoy fixed, non-linked interest rates, ensuring predictable monthly repayments throughout the entire term of your loan.
Don't let the complexity of mortgage interest and repayments hold you back. Contact Damari today and unlock the door to your dream home while enjoying significant savings.
