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 quickly follow and by that time I want to have bought something.
We currently rent (23man/month) and it’s a waste of money.
I got a good income > 1300man p/y base pay (bonus is company and personal performance based and can vary year on year)
I feel my income would allow a decent amount for loan HOWEVER I’m sorely lacking in cash savings.
Most of what i have is committed to 401k/pension and “not touchable” till I turn 65.
Nowadays I hear about loans including even the loan contract processing cost and what not so inwas wondering what I can include in a loan , what impact it would have on the loan and this way determine a minimum amount of money to bring along for the purchase.
Im looking at places around the 7000man ballpark figure , how much money do I need to put down as a minimum nowadays (including realtor cost) considering all the extra cost I can include in a loan , or should I avoid doing so?
I have no open loans (just paid off the last vehicle related one in December 2023) so I got that going for me.
Thanks in advance.
by djctiny