Part 7: Your Complete Guide to Navigating the Mortgage Process in Israel
When Should You Actually Take the Mortgage?
When purchasing property in Israel, a common question is: When should I take the mortgage? While most buyers pay their equity portion first, there are exceptions that may allow you to access your mortgage earlier. Here’s how it generally works:
Paying Your Equity First
In most cases, you’ll need to pay your full equity portion before the bank will release the mortgage funds.
Possible Exceptions
While paying your equity upfront is the standard, there are times when the bank might approve your mortgage earlier. For example:
• Selling a property and not yet receiving the full amount.
• Purchasing from a new development and paying in stages but want to lock in your mortgage rate.
These are just a few scenarios—there may be other cases where early approval is possible.
💡 Why Timing Matters
Knowing when you can access your mortgage funds helps you plan better and avoid delays—especially if there are holdups with receiving or paying your equity.
📩 Need Guidance on Mortgage Timing? Let’s Talk!
If you’re unsure about when to take your mortgage or how to navigate your unique situation, I’m here to help! Reach out, and let’s explore your options together. Follow this series for more tips on buying property in Israel!
