You have found the home where you want to live, become a family and raise your children. Like any exciting event in life, when purchasing an apartment, we are at your side, happy to help you choose the right mortgage route that is the most economical for you.
Mortgage routes differ in from each other in variables such as interest, linkage, repayment period, and each route has its pros and cons. There are routes that allow you to change the conditions "on the move", while others have fixed conditions throughout the period. Some mortgages are spread over many years and allow for lower monthly repayments, while others have short repayment periods thereby saving on interest payments.
You can “diversify risk" and combine a number of routes into a mortgage mix that suits your needs and abilities. The mortgage advisors in Discount branches will be happy to get to know you and provide you with their knowledge and experience, and together with you, assemble the mortgage that suits you best.
Mortgages in this route are linked to the Consumer Price Index (CPI), which is published monthly and reflects the purchasing power in the economy. In these routes, the actual value of the interest is affected by the increase or decrease in the CPI.
In mortgage routes that are not affected by changes in the index, the cost of a mortgage is based on the Prime lending rate, which is determined each month by the Bank of Israel, plus a predetermined margin.
Our special routes include a variety of mortgages, with fixed or variable interest, with varying conditions and repayment periods.