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I actually think we created a mortgage system that will keep most people working (income earning) for the majority of their lives (30yrs). Now that our life sp
by rottyguy 13y ago
I actually think we created a mortgage system that will keep most people working (income earning) for the majority of their lives (30yrs). Now that our life span is increasing, will the norm be 40yrs?
- jtbigwoo 13y agoYou can get a 40 year mortgage at many banks now. I doubt 40 year mortgages will ever catch on. The banks generally charge a higher interest rate for the longer term so the payments aren't much cheaper than a 30 year loan.