Ermir Myzaferaj Services

Your mortgage consists of a mortgage mix which is actually a combination of several loan routes, each of which has different characteristics, periods and interest rates.

Building a mortgage mix is ​​no small thing, so in order to spread and reduce risks it is advisable to plan a mix in accordance with your monthly repayment capacity, the amount of the mortgage, the state of the economy, the interest rate, the mortgage settlement rate we are planning, the risk that exists in the route and of course take into account the future financial situation and the ability to return the The mortgage ahead of time and the expected early repayment fee.

Mortgage loan recycling is a process in which the old mortgage loan is eliminated and replaced with a new mortgage, which offers improved terms.

Since the mortgage is a long-term loan, there are sometimes significant changes since it was taken out, both in market conditions and in the scope of family income and expenses. This is, for example, the change in the interest rate in the economy, the birth of a child, receiving inheritance money, a grant and more.

The Bank of Israel’s decision to cancel the limit regarding the portion of the mortgage in the prime rate track so that it can include up to two thirds in a variable interest rate track, including in the prime rate track, may also affect the decision to refinance a mortgage.

A pension mortgage makes it possible to obtain a loan against an existing property lien, while postponing the monthly repayment of the mortgage for a long period.
This is how you can enjoy financial prosperity through the use of your property.

• The mortgage funds can be used for a variety of needs: maintaining a standard of living, helping children, financing a one-time expense, closing liabilities, financing a transition to sheltered housing or for any other purpose of your choice
• Ownership of the property remains in your hands, and you can continue to live in your home.
• You can postpone the monthly repayment for the mortgage for a long period (up to 20 years, at your choice).

A loan for any purpose through the mortgage is a popular form of loan for those looking to receive a large amount of money for any purpose they choose. The mortgage is insured by a real estate property and thus allows the lender to provide better terms to the borrower, which may lead to low interest rates and cheaper monthly payments compared to the other forms of loan.

Despite the advantages of the mortgage, it is important to remember that this is a large loan and requires financial responsibility over time. Also, it is important to check the terms and expenses involved in the mortgage such as interest, monthly payments and additional additions to ensure that the borrower fits the borrower’s financial capacity and long-term financial plans.