Kenny123

I have taken the mortgage out over 30 years as I want to keep the payments low so that I can save money for the future. The apartment is 12 years old and is 13,000,000 yen this is after we got a discount of one million.

I am not paying any deposit which is another great bonus. The fees for the estate agent tax etc will be about 1,300,000 yen to be paid after I sign for the loan.

The 1.5% interest is not with the bank who is issuing the mortagage. It will require us to change banks which will be well worth it. We have the opportunity to pay off the mortgagge sooner if we so choose but we have to keep it at the present rate for at least three years then we can arrange to change our payments therefore reducing the number of years we'll be paying for it.

I hope this helps...