We’ve already explored some topics relating to mortgages, such as when to apply for a loan, credit scores, using gifts for a down payment, and interest rates. Here are four more frequently asked questions on mortgages that will help you gain clarity on this often confusing process.
How much money will I save by choosing a 15-year rather than a 30-year fixed
In early December, the Knesset Finance Committee approved a new law to double the property taxes on “ghost apartments” or secondary residences that sit vacant for at least nine months a year. This law was enacted on a two-year temporary basis, to determine its effect on the housing market. The number of ghost apartments in Jerusalem varies greatly based
“The Perfect is the enemy of the Good.” —Voltaire
Q. When it comes to your finances, should you be willing to settle for anything less than the very best?
A. Maybe. Especially if pursuing the “very best” delays or disrupts steady progress.
The recently released book, On Settling, by social theorist Robert Goodin presents an
Buying a home can be a scary prospect and one of the biggest decisions you and your spouse will make, so if you are in the market for a house, most likely you’re also in the market for a mortgage. As with all important decisions, the best way to approach the mortgage process is to be informed. Below are the first six of some of the most common questions
2013 has been a busy year for Israeli residential real estate. Let’s review the past twelve months’ activity and try to identify market trends going forward in 2014.
In 2013, there was no slowdown in real estate sales activity despite efforts by the Israeli government to reduce demand by imposing new mortgage restrictions
Unless you have been asleep under a rock for the past few years, you are probably aware that a few bad apples, whose extremism and intolerance are against everything that Judaism stands for, have blemished Bet Shemesh’s reputation. Now that I got that unpleasant part out of the way, let’s discuss what a great town Beit Shemesh really is.
Nachlaot is a cluster of over two dozen Jerusalem neighborhoods centrally located between Sha’are Chessed and the famous Machane Yehuda shuk. Nachlaot, which means lands of inheritance, became home to communities of Jews who emigrated from many different lands throughout the Diaspora.
Nachlaot’s neighborhoods were established beginning in the 1870s
(Bet Shemesh, Israel)—Twenty English-speaking families in Israel have signed on to join a new community in a prime suburban setting inside the popular town of Ramat Bet Shemesh. Ganei HaEla (www.ganeihaela.com) will be led by Rabbi Dovid Gottlieb, a dynamic and well respected
My friend recently asked me to help him purchase an apartment in Israel as an investment. David wanted to diversify his portfolio, which had been comprised of stocks, bonds and U.S. real estate.
As David lives in New Jersey and therefore won’t be a “hands-on” owner, he wanted to acquire an apartment in good
AssafPinchuk specializes in creating images of architecture, design, commerce and industry. Together with wife and business partner Miri, he has worked for a roster of clients that includes some of Israel’s leading companies and institutions. He’s also captured some of the country’s most magnificent homes and hotels within his lens.
Rachel Neiman is a
My client wanted to buy a 3-bedroom apartment within a ten minute walk of Emek Refaim, but didn’t have the budget to afford atraditional apartment in Katamon or the German Colony.
Although she was adamant about location and budget, my client was flexible on other issues,
Permanent life insurance is a descriptive term for a group of policies designed to remain in force for the entire life of the insured. Most permanent life insurance policies (such as whole life, variable life or universal life) also feature a cash value account, and this unique combination of a lifetime insurance benefit and tax-deferred accumulation can be a very