Paying upfront costs with home mortgage?

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KumamotoHunter
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Paying upfront costs with home mortgage?

Post by KumamotoHunter »

onemoreguyjin wrote:
Sun Aug 30, 2020 2:27 pm
KumamotoHunter wrote:
Tue Aug 25, 2020 10:28 am
onemoreguyjin wrote:
Tue Jul 21, 2020 12:21 pm
Just looking at initial costs to buy a house in Okayama and surprised by how costly everything can be with upfront costs such as, the real estate agent commission, Fixed Asset Tax, Real Estate Registration Tax, Real Estate Acquisition Tax...

Can you pay these off with your home mortgage? I'm not super keen with paying this much out of pocket all at once.
I put all these costs into my mortgage and it was easy to do. I used a small, local bank.
Really? I'm assuming you have PR though. I don't have PR yet so that narrows down my bank options....

How did the loan work, though? When the taxes came through how did you pay that money from the mortgage?
Yes, I had/have PR.
I payed out of pocket in cash the 500,000 yen or so total cost of the fees. Then I increased my mortgage amount by 500,000 yen. So I took out the mortgage for 13.5m, paid for the house which was 13m, then paid myself back the remaining 500,000 yen.