In the US, a little over 100 years ago. Before the 1930s, mortgages were 5 years, with a very high down payment (50% would be typical). See https://bebusinessed

In the US, a little over 100 years ago. Before the 1930s, mortgages were 5 years, with a very high down payment (50% would be typical). See https://bebusinessed.com/history/history-of-mortgages/ https://bebusinessed.com/history/history-of-mortgages/