"In the USA it's apparently common, but seems unusual everywhere else." It's not just common in the US, it is the de facto standard across almost all mortgage

"In the USA it's apparently common, but seems unusual everywhere else." It's not just common in the US, it is the de facto standard across almost all mortgage types and sizes. Even weird, non-conforming properties with "jumbo" sized loans can get fixed at 30 years. Also, I will point out that in both Switzerland and the Nordic Countries, 40 and 50 year mortgages are now in very common use: "Repayment periods in Switzerland can be incredibly long, with deals lasting between 50 and 100 years being relatively common."[1] "Swedish regulators calculated in 2013 that the average mortgage term was around 140 years."[2] In fact, now that I think about it, I am surprised that the US culture of "financial innovation" has not produced more standardized long-duration mortgages ... I do not know anyone, for instance, with a 40-year term ... [1] https://www.expatica.com/ch/housing/buying/your-guide-to-swiss-mortgages-108440/ https://www.expatica.com/ch/housing/buying/your-guide-to-swi... [2] https://www.thelocal.se/20160324/sweden-limits-mortgage-loans-to-105-years https://www.thelocal.se/20160324/sweden-limits-mortgage-loan...