Could 2065 be the year you pay off your home loan?
Home loans stretched over four decades could soon be normalised if the banks respond to a startling finding about just how willing Australian borrowers are to endure such a lengthy period of debt.
Paying off a home loan deep into old age is becoming the only option for many locked out of the housing market. (Image source: Shutterstock.com)
Do you fancy paying off a home loan until 2065?
By this point, we could all be commuting in flying cars - or possibly living a different, more dystopian future.
But however the next 40 years pan out, a surprisingly high proportion of Australians would take out a four decade home loan if it made the monthly repayments less onerous.
Despite the fact that such a lengthy loan extension would likely add hundreds of thousands of dollars to the final…
