What information is published on the website?
About the NewKey project
The website publishes details about a contractor, a project, and contact information for the contractor or project representatives in Israel.
What is the purpose of advertising a new real estate project?
For clients
The purpose of advertising a new real estate project is to promote the sale of the property and find potential buyers. The advertising should be directed at the target audience and present the product in the best possible way.
How to publish information about the project?
For developers
You can leave us a request through the menu, under the heading "Post an Ad" and we will contact you.
Are your services paid?
For developers
We have services that are paid, and some are free.
Can I publish my project on your website?
For developers
Yes, it is possible to publish any new project on our website.
How quickly do you publish information on the website?
For developers
Publishing on the website can take several days and sometimes several hours.
Can I edit the information on the website?
For developers
To edit information, you can contact us and we will be happy to help.
What are the requirements for publishing information on the website?
For developers
You must provide detailed information about the property such as: location, size, number of rooms, information about the surroundings and the neighborhood, amenities, etc.
What if I want to remove information from your website?
For developers
You can contact us and we will handle any matter.
What types of insurance do I need when taking out a mortgage?
Mortgage
In most cases, you are required to have life insurance and structural insurance (the house that serves as collateral for the mortgage) when getting a mortgage. The terms can change depending on the details of the insured, their age, and, of course, the amount of the mortgage.
Why do we need a mortgage advisor? Can't we deal with the banks alone?
Mortgage
Although it is possible to manage the mortgage process alone, professional advice has significant advantages. A mortgage is one of the most important financial decisions in life and can materialize in large amounts. Experienced mortgage advisors, like us, can help you understand your options, reduce risks, and save money.
How do your services help us save on a mortgage?
Mortgage
We help clients save on a mortgage in a number of ways. We succeed in drawing offers from a number of banks and choosing the mortgage that is most suitable for you. In addition, our experience and our knowledge of the market allow us to negotiate for better terms.
Are your services also suitable for someone looking for a mortgage for a second property or for investment?
Mortgage
Yes, our services are suitable for all types of mortgage loans, including a mortgage for a second residence or for investment. We understand the unique requirements of these types of mortgages and can help you find the best terms on the market.
How do we know that you are offering us the best terms that can be found?
Mortgage
As mortgage advisors, we are interested in finding the best terms for you. We work with several banks and additional financing sources to find the best mortgage that suits your circumstances. We do not receive commissions from the banks, and therefore our interest is to save you as much as possible.
What are the steps in the process of getting a mortgage?
Mortgage
The process of getting a mortgage begins mainly with understanding your needs and your financial capability. Afterward, we help you prepare the file and find the mortgage that is most suitable for you. The next step is submitting an application to the banks and negotiating the terms. Finally, when an agreement is reached with the bank, the ongoing process of repaying the mortgage begins.
How do you help us prepare the mortgage file?
Mortgage
We help clients prepare the mortgage file in a professional and accurate manner. We know what the banks are looking for and which documents they require, and we will help you prepare all the documents and information required by the bank.
How long does the process of getting a mortgage take?
Mortgage
The process time varies depending on several variables, including the amount of the mortgage, the bank to which you apply, and the speed at which you provide the required information and documents. On average, the process can last from a few weeks to a few months.
Can I change the terms of the mortgage after I have received it?
Mortgage
In most cases, it is possible to change the terms of the mortgage afterward, but this may be accompanied by penalties and additional payments. It is important to consult with a professional advisor before you make changes to your mortgage.
What is an in-principle approval for a mortgage?
Mortgage
An in-principle approval is a document presented by the bank or the mortgage institution, in which they approve in principle your ability to get a mortgage up to a certain amount. The approval is based on an assessment of your financial capability to repay the loan, and it constitutes the first step in the process of getting a mortgage.
What is the difference between a fixed-rate mortgage and a variable-rate mortgage?
Mortgage
A fixed-rate mortgage is a mortgage in which the interest rate does not change throughout the entire loan period. A variable-rate mortgage is a mortgage in which the interest rate changes according to changes in the interest rate of government bonds. The main difference between the two is the level of risk and exposure to changes in market indices.
What is an early repayment penalty?
Mortgage
An early repayment penalty is a penalty that banks charge to customers who pay off their mortgage early from the original date. The penalty serves as a means to compensate the bank for exposure to the changing risk of interest rates.
Is there always an early repayment penalty?
Mortgage
There is not always an early repayment penalty. The decision is determined by the bank's policy and the loan terms. Sometimes, at certain banks, there may be no penalty if the repayment is made after a certain period from the loan date or if market conditions change and it is profitable for the bank to receive your money in order to give it as a loan to another borrower at a higher interest rate.
How is the early repayment penalty calculated?
Mortgage
The early repayment penalty is calculated according to several variables, including the remaining amount to be paid, the time remaining until the end of the loan, and the changes in interest rates from the time the loan was granted.
Can I avoid an early repayment penalty?
Mortgage
In a number of cases, it is possible to avoid an early repayment penalty. For example, if you receive a new loan from the same bank, or if your mortgage is on a track with no early repayment penalty. You can also consult with your bank for additional solutions or leave a request here and we can offer more solutions.
How do you get an in-principle approval for a mortgage?
Mortgage
1. Calculating Financial Capability: First, you must calculate your financial capability, which is the amount you are able to pay each month for the mortgage.
2. Gathering Documents: Gather all the required documents, including pay stubs, bank account statements, an ID card, and other documents that prove your financial capability.
3. Submitting an Application: Submit your application for in-principle approval to a bank or another institution that provides mortgages. The submission can be done in a face-to-face meeting, or online.
4. Reviewing the Application: The bank or the mortgage institution will review your application and check your ability to repay the loan.
5. Receiving In-Principle Approval: If your application is approved, you will receive in-principle approval for a mortgage. Note that the approval may change later depending on market conditions and other indices.
Financial Capability - Disposable Income, Why It's Important
Mortgage
Calculating financial capability is an important step in the mortgage application process. It refers to your ability to repay your loan to the bank. Generally, the calculation is performed using two criteria: your income and your expenses. Here are some steps to calculate your financial capability:
Calculating Income: Your monthly income is the amount you earn from your work or any other source of income. This includes salary, self-employment fees, investment income, and so on.
Calculating Expenses: Your expenses are all of your expenses such as loan repayments, car payments, and so on. You need to calculate your total expenses to know how much money you need to repay for the mortgage.
Calculating Financial Capability: Your financial capability, or alternatively, disposable income, is calculated by subtracting your expenses from your income. The remaining amount, which is considered disposable income, represents your ability to pay the mortgage.
After you understand your financial capability, you can begin to plan your mortgage. If you feel the process is complicated, it is recommended to speak with a mortgage expert or your bank account manager.
What is a mortgage?
Mortgage
A mortgage is a loan received from a bank in order to buy a property, and when it is a residential property, it is a residential mortgage.
How much of a mortgage can you get from a bank?
Mortgage
According to the mortgage law of the central bank in Israel, there is a limit of 75% of the property's value that can be taken as a mortgage.
What is a mortgage principal?
Mortgage
The mortgage principal is the amount that remains to be paid on a mortgage in Israel. With every payment made, the principal amount decreases, and the borrowers' debt to the bank is reduced.
What is the difference between a fixed-rate mortgage and a variable-rate mortgage?
Mortgage
The main difference between a fixed and variable mortgage is that with a fixed-rate mortgage, the interest rate does not change throughout the entire repayment period, whereas with a variable-rate mortgage, the interest rate changes according to the base interest rate of the central bank in Israel.
How often do you update information?
About the NewKey project
We strive to be as up-to-date as possible with information on real estate projects in Israel.
What information do you get for the website?
About the NewKey project
We source data from various online sources and from the official websites of contractors and developers in Israel.
Is it possible to publish information about a new project from a developer or contractor in Israel on your website?
About the NewKey project
You can contact us through the following link: Post an Ad
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