In 1999, 88 per cent of over 65s owned their home outright. Fast-forward to 2025 and more than a third of Millennials expect to retire with a mortgage, Vanguard research shows.
Mortgage insecurity isn’t new, but 40-year home loans are. They began to surface last year and last month Great Southern Bank became the latest lender to add a 40-year mortgage to its product suite.
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