Israel eyes 90 percent mortgages to make home buying more affordable
The Finance Ministry is working on a plan to allow some first-time home buyers raise mortgages worth up to 90 percent of the value of the house they are purchasing, helping them cope with surging property prices.
Yedioth Ahranoth newspaper said the ministry would allow young couples borrow 90 percent up to a maximum property value of 1.3 million shekels ($363,301).
