30 year mortgages are standard in the US. If the bank thought that in 28 years the house would be a foot underwater they wouldn't agree to a 30 year mortgage. 3

30 year mortgages are standard in the US. If the bank thought that in 28 years the house would be a foot underwater they wouldn't agree to a 30 year mortgage. 30 years or 50 years depends on which projections you are listening to