Rupert Gough: Mortgage Lab founder on banks not offering 40 year mortgages
The Mike Hosking Breakfast - A podcast by Newstalk ZB - Thursdays
A red line is being drawn through the idea of a 40-year-mortgage. With interest rates up and property prices still high, some buyers are asking why banks can't offer a longer mortgage term to make payments more affordable. Currently, all lenders are maxed out at 30 years. Mortgage Lab's Rupert Gough says interest becomes very expensive over 40 years. LISTEN ABOVESee omnystudio.com/listener for privacy information.
