Monday, May 05, 2014

More Japanese customers demanding 40 mortgages as a way to enter housing market

Apartments in Tokyo, Japan Copyright Peter Hanami 2007
Picture: Apartments in Tokyo, Japan 

¨Demand for 40-year mortgages maybe set to rise as buyers try to get a foothold in the housing market.....demand for the longer period mortgages is rising in Canada, the UK and Japan

Source: Forty-year terms for first timers
By Larry Schlesinger
Australian Financial Review
Saturday 22nd February 2014, page 10