Mortgage
Would you get a 35-year home loan? The real cost of marathon mortgages
The days of paying off a 20-year mortgage in your 40s are over, for most of us longer loans mean paying more – but there are benefits
There are costs to putting your mortgage on the long finger. Graphic: Getty
Back in the year 2000, the typical mortgage taken out by Irish first-time buyers lasted just 25 years.
Most first-timers were in their 20s and looked forward to being done and dusted with mortgage payments by their 50s, when they’d have more income for travel, home improvements and pension top-ups.
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