When applying for a mortgage in Israel, banks typically look at several factors to determine whether to approve the loan and what terms and conditions to offer. Here are some of the key factors that banks consider when evaluating mortgage applications in Israel:

1. Income: One of the most important factors that banks look at is the borrower's income, including salary, bonuses, and other sources of income. The bank will want to ensure that the borrower has a steady and sufficient income to make the monthly mortgage payments.

2. Employment history: Banks will also look at the borrower's employment history, including the length of time with the current employer and overall work experience. A stable employment history can increase the borrower's chances of getting approved for a mortgage.

3. Credit score: Banks will check the borrower's credit score and credit history to assess their ability to manage debt and make payments on time. A good credit score can help the borrower qualify for a lower interest rate and better loan terms.

4. Down payment: Banks will look at the size of the borrower's down payment, as it demonstrates their level of commitment to the purchase and can reduce the bank's risk. The larger the down payment, the better the borrower's chances of getting approved for a mortgage.

5. Property value: The bank will also evaluate the value of the property being purchased to ensure that it is worth the amount being borrowed. This may include an independent appraisal of the property.

6. Other debts and expenses: Banks will look at the borrower's other debts and expenses, such as credit card debt, car loans, and other monthly expenses, to assess their overall financial situation.

By considering these factors, banks can determine the borrower's ability to repay the mortgage and whether to approve the loan, as well as the interest rate and other terms and conditions. It's important for borrowers to be prepared and have their financial information and documentation in order when applying for a mortgage in Israel.

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