These golden rules for determining monthly payments, however I believe that after you implement the

One of the important need to determine when taking a mortgage is the monthly repayment. I wrote here (and I hope we will write) a lot about the importance of building a monthly leasing repayment mortgage, interest is the monthly repayment of the mortgage will decide how the bank will look at the end of the final repayment mortgage. Why is it so important? leasing
Monthly repayment is built around the center of the mortgage, because it will determine how we will refund eventually banks, which routes we can take a few years will each track. In addition to all this, he also set the framework for our family and probably will determine whether we will live B"mirotz "crazy around mortgage expenses or precisely" not be felt "expense to the family. How to determine monthly repayments?
I wrote about it at length in an article for the monthly payment so I do not want to expand too much in this post (which I want to focus on other things). But why not transfer you to an ordeal that I will write here the most important points to determine the monthly repayments: tried it would not be a high of 25% Mhcnstcm net tried to leave a few shekels saving not only the mortgage payments remember that he probably will in the future (because leasing the indices and interest rates) if You can then "push on the gas" and returned a higher amount leasing each month Set the return together, and you should also use a professional leasing someone check how much you now pay rent and by this you will know what your ability
These golden rules for determining monthly payments, however I believe that after you implement them you will still be uncertainty about the refund and the next post I want to show you what you can do extra NIS 500 monthly payments. Then what do NIS 500 monthly payments?
Let's take an example of a mortgage amount of NIS 600,000, say that the couple are debating between a monthly payment of NIS 3,000 and NIS 3,500. Basically, rational deliberation and normal, then no one can put their finger on the exact return that you will return so dilemma is natural.
What needs to be done at this stage to tip the scales is to check on changing the monthly payments and how much it "saves" us in the end. After you know the number will be much easier for you to decide that it will consider it in terms of "cost - benefit".
243 456
2,988
243 456
3,488
Like most of the posts here, too, I want to give some warnings. It's no big deal "just to raise" the monthly repayment should it be for real and future risks (because it was ahead and told what is important to check before setting monthly repayment).
I do not want family to assume leasing too large a commitment only to save the final refund because what can happen is exactly the opposite leasing and the family will enter minus ongoing and it will pay a lot more from NIS 85,000 over the years.
Another important thing to say is not always a change of NIS 500 would make such a significant difference in the final refund, it very much depends on the amount of the loan in relation to the change in the returns (ie, change the repayment of NIS 500 to NIS 5,000 to NIS 5,500 " The change will not bring you crazy, but much more modest and sometimes you should give it up and invest the surplus of NIS 500 better places).
Each case must be examined individually, and so I said it's really not easy to set monthly repayment. However, I want it to be the first thing to think about and once you have doubts and you are undecided between different refunds will do testing what the final refund between the two amounts you are undecided about them.
I guess after you see how much you save, the answer will be clear (but you will find savings of 85 thousand I'm sure you will agree to repay NIS 3,500 if see much more modest savings then you might be something more interesting to do with money).
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Most articles I read your wonderful site I realized how much less go for the CPI-mouth you let the mix-linked Is this the mix recommended or is it better to replace Governor easier Czech d'checked the calculator the mix giving an example and this couple S"bna "reimbursement will return later in 3000 Near 4000 S. The most years
Hello loyal mortgage second program with the addition of NIS 500 There is another option which is linked variable need to shorten the years, it's not cheapens the mortgage interest and in any case there is a departure every 5 years is less risk in terms of return (of course, who could certainly profit is better finish ahead)
Hello Isaac, I calculated the average interest for the benefit of five years. Of course you can check different modes of index higher or lower.
Question: all calculations feasibility You respect to the importance that you pay the mortgage leasing throughout the years and will shorten it. For example, a "changing every five years" leasing getting leasing more importance because it presents a very interest costs are very high at the end of the period. I could use mechanisms for the calculator to produce leasing a tool that allows to simulate download of "changes" in a certain period. leasing Or meaning of the abbreviation track after several years (say Shkl"tz over, and want to shorten the bulls. Way we can take the real calculation and proceed another step in understanding the gaps.
Me, I think that the best way to do these things with a calculator of Mscntamn is the number of stages: the first stage has to create a calculator each track separately and get him to a repayment schedule. Next, take the principal balance leasing each track depending on when you want to make a change (for example, if you plan to make a change after 5 years use balance of the principal of the first month in the sixth year) and built a new mix calculator when new amounts will fund balance in each track Order outgrown "will be deducted from the original times. New mix created you can remove or shorten routes and know what the consequences of doing these after a certain time in the life of the mortgage. This relatively require a lot of work and patience, especially if you want to make changes to the number leasing of stations in time, but it