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Harel Insurance Enters Mortgage Market, Challenging Banks

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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By מירב ארד

First reported by Calcalist · 4 hours ago

What happened

Harel Insurance has launched a new mortgage service offering higher financing percentages and longer repayment terms than traditional banks, aiming to capture market share by exploiting regulatory differences. The move could significantly lower down payment requirements for buyers but comes with increased long-term costs and risks.

01Harel Insurance offers mortgages with up to 80% financing and 40-year terms.
02Banks are restricted to lower financing percentages and shorter terms by regulation.
03Harel's offer could reduce down payment requirements for buyers.
04Longer terms increase total interest paid and debt exposure.
05Other insurance companies are also entering the mortgage market.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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