Is it possible to “take over” a loan and the house title from another person more/less half thru a 35-year loan taken out in 2004? Any other suggestions how to buy or qualify for a loan here would be great.
In Japan, as it is everywhere else in the world, they have to sell the property to you and you purchase the property with new financing.
What u/Necrophantasia said.
The loan is between the bank and the purchaser. Furthermore most home-loans in Japan are structured that they require the loan-holder to live in the property in question.
The way to qualify for a loan is to have a steady, reasonable income.
2 comments
What kind of question is this??
In Japan, as it is everywhere else in the world, they have to sell the property to you and you purchase the property with new financing.
What u/Necrophantasia said.
The loan is between the bank and the purchaser. Furthermore most home-loans in Japan are structured that they require the loan-holder to live in the property in question.
The way to qualify for a loan is to have a steady, reasonable income.