You cannot mortgage your property through a bank to buy a property in Israel, but you can to buy a property abroad!
By mortgaging your property, you can finance your projects, carry out building work, consolidate your short-term loans to spread them over a longer period and thus reduce your monthly repayments, finance a purchase abroad….
The advantage is a longer credit period and much more attractive interest rates than a traditional bank loan, with high rates and a short credit period leading to high monthly repayments.
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