The US housing market has been dominated by 30-year fixed mortgages for many many years. But with mortgage rates climbing to over 5% and home prices reaching an all-time high, some people believe this will change. As 40-year fixed mortgages may be the new normal.

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So is having a 40-year fixed mortgage really a bad idea? Well, since I am in the process of buying my first home, I started asking myself if I would do it and started doing more research that I want to share with you.

Timestamps:
Intro (0:00)
40 Year Mortgages (2:00)
Preventing a Housing Market Crash (2:39)
Monthly Payments with a 40--Year Loan (4:05)
Risk of 40-Year Fixed Mortgage (5:30)
The Impact on Rental Property (7:35)
Important Considerations (8:50)

All this prevent a US housing market crash And stabilized the market. But tell me what you think in the comment section!

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).