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In Sweden it's not uncommon to have mortgage terms of 105 years. The maximum was reduced from 140 years in 2016. Obviously whether the descendants of the borrow
by onion2k 4y ago
In Sweden it's not uncommon to have mortgage terms of 105 years. The maximum was reduced from 140 years in 2016. Obviously whether the descendants of the borrower can choose whether to keep paying or not when they inherit the load, but they're definitely not signing up at the beginning.
- SOLAR_FIELDS 4y agoTrue, but the way housing is handled in Sweden is a bit different - mortgage rates are almost always so low that it nearly always makes sense to hold a mortgage and invest the money elsewhere.