Refinancing
Refinancing your Israeli mortgage
The Bank of Israel rate has come down since 2024. An English-speaking mortgage professional checks whether refinancing (michzur) lowers your payments once every fee is counted.
- Bank of Israel rate
- 3.25%, down from 4.5%
- Prime rate
- 4.75%
- Exit fees
- Small on prime, larger on fixed
What are you looking to do?
Or talk to a person, in English
Bank of Israel rate 3.25%Prime 4.75%Next decision 21 October 2026Today's rates
Is this you?
- You took your mortgage when rates were higher
- Your monthly payment has become too heavy
- You want to change the length of the loan or release equity
- A large part of your loan sits on fixed or CPI-linked tracks
What your mortgage professional does
Independent, English-speaking, and used to cases like yours.
A full check of your mortgage
Each track, its rate and what is left to pay.
The real cost of leaving
Your bank's early repayment fees, worked out before you decide.
New offers
Your own bank and others asked for better terms.
A clear answer
Whether the saving beats the cost, in shekels.
Israeli rules that apply
- What to bring
- A balance statement from your bank for each track
- Early repayment
- Prime and variable tracks usually carry little or no fee. Fixed tracks can carry a large one
- Income
- Recent payslips or tax returns, as for a new mortgage
- Property value
- A new appraisal may be needed
Source: Bank of Israel rules, reported by Globes, 10 February 2026. Checked 15 October 2026. Your bank may ask for more.
How the introduction works
Tell us your situation
Answer a few questions here, ask the AI, or call us. It takes about two minutes.
We introduce the right professional
An English-speaking mortgage professional who handles cases like yours. You see who they are, and any fee we receive, before you agree.
They take your file to the banks
They gather your documents, get offers from several banks and help you choose. We keep helping you with the property.
Questions people ask
When is refinancing worth it?
When the saving over the remaining years clearly beats the early repayment fees and the costs of the new loan. The adviser works this out in shekels before you commit.
Will my bank charge me to leave?
On prime and variable tracks the fee is usually small. Fixed tracks, linked or not, can carry a large fee when rates have fallen since you borrowed.
Can I refinance with my own bank?
Yes. The first step is often asking your bank to improve your terms, and an offer from a competing bank helps.
What does it cost?
Asking us and being introduced costs you nothing. Mortgage advisers in Israel are paid by you, not by the bank, so agree their fee in writing before they start. Before any introduction we tell you in writing whether we receive a referral fee.
Mortgage and finance articles
From the Semerenko Group blog. The most relevant to this page first, and new articles appear here as we publish them.
- Early Mortgage Repayment in Israel: What Are the Costs and Interest Implications?Article ·
Israel Cut Rates Again, But Mortgages Barely Feel ItNews · - How Mortgage Rate Changes Affect What You Can Afford, and How You NegotiateArticle ·
- Bank of Israel Inflation Update Raises the Stakes for Israeli Mortgage BorrowersNews ·
- Bank of Israel Inflation Expectations Reset Israel’s Mortgage MapNews ·
Keep reading
Start with one question.
See what you could borrow, ask the AI anything, or talk to a person. In English, and free to ask.
Or talk to a person, in English