Mortgage Consulting and Insurance in Eilat

A mortgage is the largest loan a person takes during their lifetime. Just like any valuable product we plan to purchase, it is very important to conduct market research here, as this loan will accompany us for 20-30 years, and we want to take it under the right and best conditions. To get the best terms for your mortgage, it is important to receive objective and accurate advice from a third party who is not your bank, which is an entity primarily aimed at maximizing profits from this loan. Korenfeld Properties specializes in mortgage consulting and insurance services in Eilat.

Mortgage Consulting and Insurance in Eilat

Korenfeld Properties, is a company specializing in obtaining mortgages under the best conditions, while saving tens of thousands of shekels, with minimal bureaucracy. Korenfeld Properties accompanies its clients throughout the entire mortgage application process and ensures obtaining the best terms! This is done while tailoring the mortgage to the borrowers' financial budget. Alongside the financial process, our company handles all the procedural aspects related to taking the mortgage. This way, we save you valuable time, loss of workdays, and unnecessary running around. Our goal is to enable all our clients to maximize their savings from the mortgage. Here we will select the most suitable paths and monthly repayments for you, with a deep understanding with you and all the details of the transaction, we will examine together the viability of the deal and, of course, bargaining power to obtain the best rates for you.

Mortgage Insurance in Eilat

Mortgage insurance agent in Eilat
Years ago, when we took a mortgage from the bank, we probably also purchased the mortgage insurance through it. Many have concluded that there is a conflict of interest and banks cannot sell or decide for the client where they will purchase their insurance, and today every client can decide where to insure their property and, of course, receive price quotes from other insurance companies or agencies. Therefore, every bank found a way to circumvent this issue and opened an insurance agency together with a large insurance company. It is very important to know!!! A property insurance policy for a mortgage acquired through the bank is not a standard policy. This is a policy that does not include damages for third parties, a very important coverage since today there is not a single insurance agency that does not sell a non-standard policy. This is done in order to lower the cost of the policy and create tough competition for competitors. At Korenfeld Properties, we will ensure you the best insurance coverage for you and, most importantly, the most cost-effective one.

Helper Tool – List of Documents for Submitting a Mortgage Application:

• Copy of ID and supplement (of all loan applicants)
• Bank statements for the last 3 months
• Tabu excerpt or property rights approval
• Contract registration at Tabu
• Balance reports for repayment and mortgage conduct report
• Mortgage loan detail report

Income Approvals - Salaried:

• Last 3 salary slips
• Income approvals from additional sources

Income Approvals - Self-Employed:

• Tax assessment for the last tax year
• CPA / tax advisor approval on the coverage
• Income approvals from additional sources

The motto of Korenfeld Properties is reliable and professional service for the client, aiming to achieve the best conditions for him with minimal bureaucracy and time. We save our clients tens of thousands of shekels.