Path: ccsf.homeunix.org!ccsf.homeunix.org!news1.wakwak.com!nf1.xephion.ne.jp!onion.ish.org!news.daionet.gr.jp!news.yamada.gr.jp!newsfeed.media.kyoto-u.ac.jp!nntp.gol.com!203.216.70.8.MISMATCH!not-for-mail From: "Ryan Ginstrom" Newsgroups: fj.life.in-japan Subject: Re: I bought a flat yesterday Date: Mon, 2 May 2005 23:05:00 +0900 Organization: FusionGOL - Global Online Japan Lines: 27 Sender: ryang@gol.com Message-ID: References: <1kjq41d95c0ejmcthh7hsshtp17kk2as2u@4ax.com> <1112377521.407593.133540@z14g2000cwz.googlegroups.com> <1113502201.652557.63200@g14g2000cwa.googlegroups.com> <81mv51l0ah7l052nsrlhf9pnnhjlv6ai8u@4ax.com> NNTP-Posting-Host: yrmfa-01p4-49.ppp11.odn.ad.jp Mime-Version: 1.0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit X-Trace: nnrp.gol.com 1115042688 31492 61.116.165.49 (2 May 2005 14:04:48 GMT) X-Complaints-To: abuse@gol.com NNTP-Posting-Date: Mon, 2 May 2005 14:04:48 +0000 (UTC) X-Priority: 3 X-MSMail-Priority: Normal X-Newsreader: Microsoft Outlook Express 6.00.2800.1437 X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2800.1441 Xref: ccsf.homeunix.org fj.life.in-japan:27029 "Ken Yasumoto-Nicolson" wrote in message news:81mv51l0ah7l052nsrlhf9pnnhjlv6ai8u@4ax.com... > For the whole term? There was a sliding scale of fixed rates, from > 0.9% for one year to 2.5% for five or seven (base rates are 2.375%) > all the may up to over 6 or 7% for the full 35 year term. We took the > three year option, and after 3 years for a small fee we can > renegotiate a new fixed rate. That's what we did, except 5 year fixed. Our bank did offer a fixed rate, but it is higher than the variable rate has been over the 30 years I checked. I think we got something like 1.9x% for 5 years. > >What if the rate happens to fall below > >1%? Is there a limit they'll absolutely not go below? > > I imagine there must be some small print somewhere to avoid them > having to pay you for your loan! The BoJ rate is damned near 0% now, but the variable rate is set at some fixed % above this -- so it could never go below 1% unless the BoJ started paying banks to borrow money from them (conveivable...) -- Regards, Ryan Ginstrom ryang@gol.com