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NEWS
Government Assistance for Apartment Buyers to Drop at End
of December
By Betzalel Kahn
In the next few weeks benefits for apartment buyers eligible
for Ministry of Housing mortgage loans will be reduced
substantially, particularly for buyers with few eligibility
points.
According to a recent decision by the Housing and Finance
Ministries buyers with up to 999 points will not be eligible
for loans on preferred terms. Individual buyers and a portion
of homeowners hoping to purchase larger apartments will also
be ineligible for benefits.
The changes are scheduled to take effect at the end of
December. Mortgage loan counselors are advising young couples
and established families trying to buy larger apartments to
advance contract signing dates.
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