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how long does it typically take to repay a mortgage?

Feb 25 2009 4:15pm#1 (permalink)

Clarey

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Avatar for Clarey		how long does it typically take to repay a mortgage? my parents have just payed their off after 30 years and that scares me!
Mar 25 2009 4:12pm#2 (permalink)

First home buyer

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Avatar for First home buyer		I think it depends on the term of the loan you choose when you sign up for the mortgage. It depends on how much you can repay each month too. Check out for some good advice. I think it helps to look into this before you sign anything! Good luck :-)
Mar 25 2009 4:42pm#3 (permalink)

First home buyer

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Avatar for First home buyer		I found this, you could check this out and even ask the question yourself? http://www.homeloanquestions.com.au/Repayments_and_Defaults
Nov 14 2010 8:21pm#4 (permalink)

drew414

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Avatar for drew414		It depends on the paying capacity of the borrower. Some can afford to pay within 3-5 years but some preferred to pay for a period of 10 years. But for government institution, they offered 20-25 years.

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Non Bank Lenders
Dec 4 2010 7:38pm#5 (permalink)

Jameslary

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Avatar for Jameslary		50 year mortgages are loans scheduled to be paid off over 50 years. Because the loan term is so long, monthly payments are very low relative to other loans. 50 year mortgages are just used as a cash flow tool and are almost never paid off over 50 years.


cash loans online
Jan 4 2011 3:52pm#6 (permalink)

cyrildon

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Avatar for cyrildon		Thanks for sharing..I think you concern the expert in loans guides
In the past few decades, it was believed that a mortgage loan is a mortgage loan no matter what you wanted to be financed. But this theory is not conducive anymore because of the many mortgage loans available for your finances.
For more details: MORTGAGE LOAN FINANCE

Jan 15 2011 9:50pm#7 (permalink)

jfbespoke

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Avatar for jfbespoke		If you go onto www.homeloancheckup.com.au you will be able to get a list of the loans that will be paid off the fastest for your particular circumstances. They take you actual loan details, and then use them to compare over 800 loans available australia wide.
Jun 14 2011 3:42pm#8 (permalink)

Nichol

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Avatar for Nichol		Hi,
It depends, on the paying capacity of the borrower. Some can afford to pay within 4-5 years but some preferred to pay for a period of 9 years. But for government institution they offered 15-25 years.
Jun 18 2011 2:50pm#9 (permalink)

Nichol

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Avatar for Nichol

Nichol said:
Hi,
It depends, on the paying capacity of the borrower. Some can afford to pay within 4-5 years but some preferred to pay for a period of 9 years. But for government institution they offered 15-25 years.


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