Documents to Prepare Before Meeting with the Bank

One of the common reasons for delays in the mortgage process is a disorganized file. Here's what's worth preparing in advance.

Identity and personal status

• ID card + appendix, for all borrowers
• Marriage certificate / prenuptial agreement, if relevant

Income - salaried

• 3 recent pay slips
• Bank statements for the last 3-6 months
• Employer confirmation of tenure, if requested

Income - self-employed

• Most recent tax assessment
• Updated profit-and-loss statement
• Accountant's confirmation of income
• Business and personal account statements

Existing obligations

• Details of active loans
• Credit-data report (can be obtained through the Bank of Israel)

The property

• Purchase contract or memorandum of understanding
• Land registry extract / confirmation of rights
• Seller's details and account for transfer

Equity

• Documentation of the source of funds: savings, a gift from parents (with a gift letter), sale of an asset

One tip that saves time

Scan everything into one orderly digital folder by these categories. It sounds technical, but an organized file conveys reliability - and that affects the speed, and sometimes the terms too.