Overview
- New reporting shows a noticeable expansion in ultra‑long mortgages among people in their 20s and 30s.
- Surveyed selections indicate terms longer than 35 years account for about 70% of borrowers in their 20s and 49% in their 30s.
- PayPay Bank introduced loans up to 50 years in July, with many borrowers purchasing relatively high‑priced properties.
- Internet and regional banks are rolling out similar products, often requiring borrowers to finish repayment by around age 80.
- Experts caution that longer terms raise total interest costs, can leave debt past retirement, and extend exposure to interest‑rate shifts that affect both variable and fixed loans.