More mortage borrowers in arrears in Israel than in Europe
Don't panic.
There is no looming mortgage crisis in Israel.
I haven't seen the actual research. Not to doubt anyone's professionalism, but with more than a little professional statistics work under my belt, I can promise you that those numbers stink of inaccuracy.
Reading between the lines of the report here is what we get:
Many people are behind on their payments.
Most of those people are "new immigrants".
Most of those people have loans greater than 80% of the value of their home.
One thing I can promise you: None of these were clients of Krantz-Vered Finance. Our clients get programs that are flexible in times both good and bad so that such unfortunate situations don't occur. In addition, we don't let them take out that kind of financing to begin with.
Instead of concentrating on "the best rate" we concentrate on "what is best for the individual client". Any idiot can go to the banks to see which will give him "the best rate". Only Israeli Mortgage Professionals will get you the mortgage that fit your family's needs.
