40-Year Mortgages: Are They Worth It? Here's What I Think
#40YearMortgage #MortgageStrategy #PropertyFinance
In this video, I take you through the growing interest in 40-year home loans here in Australia, and whether they’re actually a smart move — or just a more expensive way to buy time.
💡 I’ll explain exactly what a 40-year mortgage is, and why lenders are now putting it on the table
📊 We’ll run the numbers together — you’ll see the monthly savings vs. the long-term interest cost
📈 I’ll share real-world examples of how retirees, first-home buyers, and growing families might benefit
⚠️ Plus, I’ll give you practical tips around refinancing, repayment strategies, and the risks to look out for
I’ll also break down a side-by-side comparison of a 30- and 40-year loan based on a $600,000 mortgage — showing just how much extra interest you could pay over time and how it could impact your equity.
If you’re currently looking at ways to make repayments more manageable or weighing the long-term cost of a longer-term loan, this video will help you decide whether a 40-year mortgage fits your strategy.
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