Variable Index Linked Loan is a loan linked to the CPI. In addition the interest rate changes every pre-determined period of time, for example once a year, or once in 5 years etc.
The interest rate in this type of loan is constant during the periods, but it is always updated according to the CPI. Therefore provides Relative stability during any period. The interest rate changes at pre-determined intervals (usually five years) and therefore can cause an increase in the monthly payments if the interest rates will rise, only from the date of change and thereafter.
The interest rate is relatively low fixed interest rate. You can reduce exit penalties as approaching to the end of the pre-determined period.
The disadvantage is the exposure to rising interest rates during the exit station which would increase the monthly payments and changes in the CPI. However, keep in mind that the change will apply to interest only and therefore the increase will be moderate.
According to the Bank of Israel, all the loans that change will not constitute more than two third of the total loan.
Why TopCheck?
Get a Check
If you have an existing mortgage, we assure you a proven savings. We will take a closer look at your mortgage data with the rest of your financial parameters in order to create a guaranteed savings of at least 10,000 INS.
Check
On TopCheck Mortgages we will check all your needs and financial abilities (not just the mortgage but your savings and ct) as an individual, a family and a business, as a one organic unit.
Only after a full examination we build with you the best and the most comfortable mortgage program.
Our Mortgage Analytics
The mortgage analysis process performed by the consultants of TopCheck Mortgages is personal, professional, reliable and objective. Our mortgage analysis ensures the selection of the best mortgage tracks for you, with a long-term view and with consideration of future factors.
Our Achievements
TopCheck Mortgages saved a large amount of money to many customers over the years, and reached many professional achievements. We are proud of our success and the success of our customers, and are confident that we will continue to save large amount of money for our future customers.
Our Service
TopCheck Mortgages's advisers are the best in their field and they have a lot of experience in the mortgage market. Each client receives a personal, courteous and reliable service. Reflecting the company's professionalism.
Our Customers
Some of TopCheck Mortgages and M-Faculty's customers are the biggest companies in Israel and in the world, civil service, institutions, non-profit organizations as well as individuals. Our customers speak for themselves.