Morgan Mortgage

Morgan Mortgage Morgan Mortgage offers a wide range of Israel mortgages at the lowest rates. Aaron Morgan grew up in Ottawa, Canada.

Our experienced team of financial professionals helps you choose the right mortgage and save you money & time. Since its inception, Morgan Mortgage has assisted home buyers in obtaining financing for Israeli real estate, providing outstanding value to its’ clients with its’ diverse portfolio of mortgage options and low interest rates. Morgan Mortgage prides itself in combining excellent value with

a North American style customer service with the goal of helping homebuyers to settle easily into their home in Eretz Yisrael. Morgan Mortgage is headed by Aaron Morgan who has been actively working in the Israeli Mortgage industry for 10 years. With a background as an actuary and a foreign exchange specialist, Aaron combines a strong financial background with personable customer service. Aaron made aliya in 2004 and lives with his wife and children in Ramat Beit Shemesh. He graduated with an honors degree in Actuarial and Statistical Sciences from the University of Western Ontario. Aaron launched his career at Manulife Financial where he developed pricing models for life insurance and provided detailed market analysis for Manulife’s Competitive Intelligence Division. Aaron went on to work in foreign exchange for FXUC Solutions Ltd, a local Israeli company, where he developed and marketed a successful portfolio of managed foreign exchange funds.

30/01/2017

Mortgage Tip #2 – What if my income is not strong enough to get approved?

If your income is not strong enough to get approved, then you can get a cosigner to sign on the mortgage with you. Cosigners generally must be immediate family members and ideally also must have a teudat zehut. If the Cosigner lives abroad, they can sign on the mortgage documents via power of attorney – without ever having come to Israel.

To find out more about getting the most competitive mortgage, contact Aaron Morgan at 0525-688-940, [email protected].

25/01/2017

Mortgage Tip #1 - How much can I borrow?

If you and your spouse both have Teudat Zehuts, you can borrow up to a maximum of 75% of the value of the appraised value of your property if this is your first purchase in Israel. For a second property, you can borrow up to a maximum of 50% on each property. To qualify for a mortgage, borrowers have to show that they earn (after taxes) 2.5 times the amount of their monthly mortgage payment. For example, if you are borrowing 1,000,000 NIS the monthly payment would be approximately 5,000 NIS per month (depending on the type of mortgage.) Therefore, the mortgage banks would require proof of income equal to 5,000 x 2.5 = 12,500 NIS per month. If you do not show enough income to get approved for a mortgage, you can have a family member act as a cosigner for the mortgage.

To find out more information about getting a competitive mortgage, please contact us today!

Address

Nachal Habasor 10/2
Bet Shemesh
99632

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