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Is opting for a 40-year mortgage term a good idea?
- Bryony Clarke and partner Charlie bought a three-bedroom duplex in December 2023 for $309,375 and chose a 40-year mortgage to lower monthly payments and save money for home improvements.
- They have a five-year fixed mortgage at 4.6% with Nationwide, paying $1,269 monthly, saving $63 per month compared to a 35-year term.
- Clarke plans to pay off the mortgage earlier by overpaying and possibly shortening the term at renewal if possible.
- Clarke shared educational videos about mortgage repayment that received positive feedback from viewers for clarity.
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32 Articles
32 Articles
Coverage Details
Total News Sources32
Leaning Left2Leaning Right9Center11Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
C 50%
R 41%
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