personal finance » loans & mortgages

Hi all, I am reaching out to you all to hear your opinion and advice based on experience. Simply said …. I want to buy a house in Japan. Before you go “oh god another one” , a bit of background. I got PR , wife is Japanese and our kid is turning 5 this year , meaning elementary school will...

I'm running a free loan simulation at Bank of Yokohama using https://www.boy.co.jp/entry_loan/pc/simulation/free.html Input お借入額　　　　　　　10,000,000円 ボーナス返済　　　　　なし ご返済期間　　　　　　10年 適用金利　　　　　　　14.6%* Ouput 毎月のご返済額　　　　91,566円 ボーナス月のご返済額　91,566円 返済総額　　　　　　　10,987,920円 保証料　　　　　　　　0円...

My partner and I (JP national/PR holder) have been living in a rental 2LDK at 210k/mo for 3 years. We both have permanent jobs in Tokyo, and we've been casually considering purchasing either a house or condo sometime in the next year. Initially, we were more interested in buying or building a...

Anyone had this experience? We’re trying to get a mortgage for a property in Niigata (currently in Saitama, will relocate). Have gone through lending assessment with multiple banks, all come back with limits nearly three times the value of the property/loan we need. Of those we’ve formally...

Source: - https://www.boj.or.jp/en/about/press/koen_2024/ko240208a.htm - https://richardkatz.substack.com/p/how-much-change-when-boj-eventually If you were to sign up for a home loan in the near future: would you settle with a variable rate or fixed? Curious of folks reasoning, as I’m in this...

There are many threads here about mortgages in less than ideal situations (non-PR, inaka houses, income coming from abroad etc.), but how should one go about choosing a bank for mortgage when the situation is seemingly ideal? Let's say someone has PR and/or Japanese spouse have been in Japan...

I remember checking a 3LDK in a building in Tachikawa, and it was around 40m yen at the time. I wanted to start looking for a place, and I was checking again today, and a 3LDK in the same building is around 70m now. I then checked for a 2LDK in our area (we payed about 20m yen), and the...