Financial Glossary

Mortgage

A loan for buying property, secured by the property itself. The biggest financial decision of a lifetime: a wrong track mix can cost hundreds of thousands of shekels.

Category
Mortgage & Real Estate
Hebrew
משכנתא
English
Mortgage

Tools that demonstrate this term

Rent vs Buy

Related terms

Interest Track

Mortgage components: fixed unlinked, Prime (moves with Bank of Israel), CPI-linked, variable. A balanced mix spreads risk across tracks.

Index Linkage

A track where the principal updates with CPI. It protects the bank from inflation — and raises your payments when the index climbs.

All terms in this category

Interest TrackPrime RateIndex LinkageHome Equity
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