Hi, I am currently looking to build/buy a house in Japan. I have been visiting different house makers and model houses. I still haven’t finalised with a specific HM. I think I might be able to finalise a HM and apply for loan in next 5-6 months.
However, I want to buy a car on loan before applying for home loan.
Cost of car is somewhere around 3-4 M JPY and expected Home loan is around 60M.
I wanted to know how buying a car on loan will impact getting my chances of getting approved for home loan?
Will it have positive impact as I am already paying regular monthly instalments towards a loan meaning good credit history OR have a bad impact because I have already have an ongoing loan?
The priority is of course home loan.
Please advise!
Thanks
by WriterFragrant6716
