> The nightmare scenario for a financial institution is someone getting a mortgage, paying it off early, and not getting another mortgage. This is very interes

> The nightmare scenario for a financial institution is someone getting a mortgage, paying it off early, and not getting another mortgage. This is very interesting and produces an odd incentive structure. The only upside I can think of is mortgage terms might be favourable to the buyer as the lenders just want a higher mortgage turnover which can't happen if people are stuck in mortgages for too long.