Refinancing
Refinancing a loan from a mortgage bank in Israel is possible and highly recommended although this is unfortunately not very common. The complexity of the mortgage options in Israel usually leaves one unsure of the option or feasibility of refinancing.
Blue Crown Capital offers a unique service to anyone who wants to know whether it is worth while to refinance their mortgage. We will look at your most recent statement from your mortgage bank and advise you if it's worthwhile to pursue a mortgage refinance. The following criteria are considered:
- - Remaining payment
- - Remaining period
- - Original loan terms (Interest rates and type of mortgage)
- - Current interest rates
- - Penalty (if applicable) for closing out mortgage
Blue Crown Capital will only advise a client to proceed if it seems likely that the client will receive significantly improved rates and terms.
Similar to taking out a new mortgage, Blue Crown Capital advises clients on the best mortgage to suit their needs based on the answers to the criteria above and based on the clients current situation. Our service includes applying and obtaining a new mortgage approval and negotiating better rates and terms. (This is done with a new mortgage bank)
The client then has the option to take out the new mortgage with the improved rates, or to present the new approval to the original mortgage bank and see if they will improve on it.
Contact us for more information.