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I don't think 30 year fixed terms exist outside the US. In australia most mortgages are variable rate and I don't think I've seen anyone advertise longer than
by Eridrus 11y ago
I don't think 30 year fixed terms exist outside the US.
In australia most mortgages are variable rate and I don't think I've seen anyone advertise longer than 5 years fixed.
- someguydave 11y agoYes the 30 year mortgage is a creature of extensive US Government involvement in finance. 30 year mortgages wouldn't' exist if they had to rely on private money for funding.