Yes, the mortgage term just determines the amortization of the loan payments. 30-year loans hardly ever reach maturity. In the US, people move on average every

Yes, the mortgage term just determines the amortization of the loan payments. 30-year loans hardly ever reach maturity. In the US, people move on average every 7 years. A bank would be delighted for a mortgage holder to die, causing the property to be sold and the loan to be repaid, if prevailing interest rates had risen since the loan was created. It's very sad that OP has been under the impression that age has anything to do with a loan term.