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The loan-to-value tier deserves its own calculation. Ask what property value the lender used and how much additional down payment would move the loan into the next tier, if any. Then compare the cash saved on rate and fees with the cash you would have to lock into the property. A lower rate is...

A bit more context from Tokyo: throughout my search I have heard “wait for prices to fall,” but rent and borrowing costs have been moving too. I can afford a suitable coastal home now, although it is not cheap by historical standards. The decision is whether to proceed based on today’s numbers...