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💴 | How much loan can I get if I have two children take the exam for junior high school and one wife takes out a mortgage?


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How much loan can I make if I let my two children take the entrance exam for junior high school and make a mortgage with one wife?

 
If you write the contents roughly
Furthermore, if you change the borrowing period to 35 years, a floating interest rate, and a financial institution with loose screening standards, you will be able to borrow more.
 

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Floating interest rate

Floating interest rate(English: Floating interest rate. Both Variable rate and Adjustable rate) Is金融In terms ofinterest rateAboutFinancial instrumentsOf the transaction, paid from one to the otherinterestAs the interest rate used to calculate the amount of(Predetermined between the parties)interest ratebenchmarkRefers to the interest rate determination method and the interest rate to be paid in transactions used with reference to.[1][2].

On the contrary, when the interest rate is not referred to the interest rate benchmark and the interest rate specifically set by the parties is 0.04%, the interest rate determination method and the interest rate to be paid are used.Fixed interest rate(English: Fixed interest rate)[3].

Transaction example including floating interest rate

Floating rate bank lending

If the contract clause regarding interest rate calculation when a customer receives a loan from a bank states that "{interest rate benchmark name} is N months + X%", this means that a floating interest rate is used. I can say.

As a more specific example, suppose a customer borrows 300 million yen from a bank.The contract clause pays an interest rate every 6 months and the interest rate is "LIBORIt is said that "+ 6% for 4 months".The interest rate benchmark is selected from several options for each transaction, but here "LIBOR" is selected as the interest rate benchmark.Also,(at least)In Japanese Yen LIBOR, in addition to 6 months, there are 3 months, 1 month, etc. and their values ​​are announced, and this part can also be selected for each transaction, but this time, "6 months" Is selected.Note that the "+ 4%" part differs depending on the bank or even if it is the same bank, depending on the customer (* For example, in general, the higher the creditworthiness of a customer, the smaller the value of this part. To go).

Generally, about the part for 6 months from the start of the contract(Customer pays to bank)The interest rate is calculated based on the value of the interest rate benchmark (* LIBOR 6 months in this example) applied at the start of the contract.If the published value of Yen LIBOR 6 months applied at the start of the contract is 5%, the interest rate for the 6 months from the start of the contract is 5%, which is the result of 4 + 9.Since these are all expressed in annual yield, the interest rate is roughly 300 x 0.09 / 2, that is, 13.5 yen.

Next, the interest rate for the period from the time of 6 months from the start of the contract to the time of the same year is calculated based on the value of LIBOR 1 months applied at "6 months from the start of the contract". Assuming that the published value of LIBOR 6 months applied at "6 months from the start of the contract" is 6%, the interest rate for the period from 6 months to the same year from the start of the contract is 6 The result of +1 is 6%.It should be noted that this value (* the same applies to all floating interest rates after that) cannot be known by either the customer side or the bank side (although a rough forecast can be made) at the time of contract conclusion.From the customer's point of view, for interest rates paid from the second time onward (apart from the interest rate paid the first time), if the value of one point of LIBOR applied becomes higher.(As interest rate)Assuming that the amount to be paid will be large, if the value of LIBOR at one point becomes low(As interest rate)The amount to be paid is also small.

Floating rate mortgage[4][5]

Housing loanThe former when divided into a floating interest rate type and a fixed interest rate type.As a benchmark for floating interest rates on mortgages in JapanShort-term prime rateIs often used[5].

Interest rate swap

Between floating and fixed rates

In a narrow senseInterest rate swap.. Each of the two parties pays a floating rate and a fixed rate to each other.With plain vanilla swaps (the most standard type) at yen interest rates,LIBOR, Especially 6-month LIBOR is used as a floating interest rate[7][8].

Between floating rate and floating rate

Between two floating rates that refer to different benchmarks[9]..That is, the floating interest rate (see Benchmark X) and the floating interest rate (see Benchmark Y) are paid to each other.(English edition)Also say.

Floating rates with the same benchmark name but different periods may be used, or floating rates with different benchmarks may be used.

As an example, 6 months LIBOR and 3 months LIBOR, 6 months LIBOR and 6 monthsTIBORThings etc.

Footnotes, etc.

  1. ^ "What is a floating interest rate? --Accounting Term Weblio Dictionary”. As of May 2017, 7originalMore archives.April 2019, 7Browse.
  2. ^ "What is a floating interest rate? | SUUMO Housing Term Dictionary”. Recruit Sumai Company. As of May 2015, 5originalMore archives.April 2019, 7Browse.
  3. ^ "What is a fixed interest rate? --Accounting Term Weblio Dictionary”. As of May 2017, 6originalMore archives.April 2019, 7Browse.
  4. ^ "Which is better, floating interest rate or XNUMX-year fixed interest rate? │ FP Kyoko Yamaguchi Q & A; │ Resona Bank". Resona Bank.As of August 2017, 7originalMore archives.April 2019, 7Browse.
  5. ^ a b "Mortgage Interest Rate Latest Trends in Floating Interest Rate (December 2018) and Advantages / Disadvantages | First Mortgage". Recruitment.As of August 2019, 7originalMore archives.April 2019, 7Browse.
  6. ^ Koichi Sugimoto, Ryoji Fukushima, Kimiko Wakabayashi "All about Swap Trading 5th Edition" Kinzai, 2016.ISBN 4322128432. 
  7. ^ Book[6] P.40
  8. ^ Document"Explanatory materials related to a bill to partially revise the Financial Instruments and Exchange Act (March 22)". Financial Services Agency.As of August 2013, 8originalMore archives.April 2019, 7Browse. Bottom left of page 5 in PDF
  9. ^ "Basis Swap | Securities Glossary". Tokai Tokyo Securities.As of August 2015, 9originalMore archives.April 2019, 7Browse.

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    Borrowing period


     

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