Avant bucked the trend in 2021 by becoming the first lender to offer a fixed rate covering the entire term of a 30-year mortgage. Image: Getty
Buying a home and signing up to a 30 to 35-year mortgage is already the biggest financial commitment you’ll ever make. But would you be prepared to go a step further and commit to paying the same interest rate for 30 years?
Last month, US President Donald Trump suggested in a Truth Social post that 50-year mortgages could enable priced-out buyers get on the US housing ladder. The post included the words “50-year mortgage” above a photo of Trump and “30-year mortgage” over a photo of President Franklin D Roosevelt.