Is a 40-Year Mortgage a Good Idea?

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Stretching your mortgage loan out to 40 years might seem like a smart idea if you can’t afford a home otherwise, and for some buyers, this will be the best option. In general, however, these mortgages come with higher than typical interest rates. Additionally, you’ll end up paying quite a bit more over the lifetime of the loan. Click through to learn more.

Image via Unsplash/Precondo CA

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