Long story short: moved to Japan in 2023. I have had between 25 and 30 million yen of income annually since then (3 years in a row). This was by doing remote tech work for an overseas client. I have recently taken a sabbatical from work and don't plan on working for a couple of years at least.
I'm considering whether to get a housing loan and I'm wondering what kind of scrutiny I'd have to undergo to get one. Would the bank be fine just with my tax returns or would they want some kind of proof that I have an active income stream, i.e. a recent paying client? For the record, I can afford a mortgage and wouldn't be at the risk of defaulting because I have sizable cash savings and other assets that I could liquidate, among other things. I'm a PR holder.
The reason I prefer a loan vs liquidating assets is to avoid the tax hit that comes with capital gains.
Has anyone been in a similar situation?
by Asleep-Assignment731