Loans are available for any purpose if you have equity in a home or apartment in Israel.
(The equity is the difference between what your home is worth and what you owe on your present mortgage.)
An American family trust is making loans available up to $50,000 on a five-year term and with a fixed interest rate (Heter Iska).
Flexible credit and income qualifying.
You do not have to be an American immigrant to qualify. Generally, your property must be in the "greater Jerusalem area" including Modi'in, Beit Shemesh, Efrat, Ma'ale Adumim and most larger Yishuvim.
The process takes about a week.
More information is available from Sheila Bauman at the AACI or call Shulamith at 0523-749-738. E-mail: SBYisrael@yahoo.com
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