Stretching the mortgage amortization period to lower monthly payments can lead to higher payments upon renewal.
Extending the amortization period beyond 25-yr can result in increased interest costs over the long term.
The longer amortization period may limit homeowners' options for refinancing or switching lenders.
Longer mortgage terms may be subject to higher interest rates and reduced flexibility.
Homebuyers should carefully consider the financial implications of stretching the mortgage amortization before making a decision.

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