The mortgage comes together while the buyer picks the apartment.
Buyers don't leave to shop for a bank on their own. Magic prepares the file, a licensed participant takes it to several banks, and the sales team sees the status for every buyer.
Figures for Israel.
- 1Apartment selection
- 2Buyer details
- 3Estimated amount
- 4Complete file
- 5Bank competition
- 6Disbursement
- 7Refinancing
The system collects income, equity, apartment price and documents once. The buyer and the sales team see up front what amount the banks are likely to consider. The credit decision is made by the bank. At three, five and seven years, Magic reminds the buyer that terms can be revisited.
Developer / Buyer
Developer
Deals that spend less time waiting on the bank, and more buyers who make it to signing.
Buyer
An estimated amount and payment up front, with terms from several banks side by side.
Boundaries
Magic doesn't issue loans or accept funds.
The credit decision and the money stay with the licensed party, and settlement runs through the buyer's bank.
Service and integration
| Solution category | What it does | What Magic adds alongside it |
|---|---|---|
| Independent mortgage advisor | Negotiating with banks | The file is prepared at the moment the apartment is chosen |
| Bank website or app | An application to one bank | Several banks review the same buyer |
| Comparison sites | A benchmark for terms | A prepared file and support through disbursement |
The mortgage comes together while the buyer picks the apartment.
Request sent
Thank you! A manager from Magic will get back to you personally soon.