The 30 year mortgage is already a fiction, few people live in the same home 30 years. You might see 40 year mortgages, stretching the payments out and making it more affordable. It's like seeing the 5 year car loans you do now, instead of the usual 3.
The 30 year mortgage is already a fiction, few people live in the same home 30 years. You might see 40 year mortgages, stretching the payments out and making it more affordable. It's like seeing the 5 year car loans you do now, instead of the usual 3.