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Banks are being pushed to provide home loan relief and offer 40-year mortgages | 7NEWS

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There are calls for the big four banks to offer customers 40-year mortgages to help families meet rising repayment costs. Extending the length of a loan can slash monthly repayments, but mortgage experts warn there are long-term drawbacks. _kathleenoco

 

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People should stop buying homes they can't afford. Buy older, smaller cheaper homes to start with. Most people today want to impress their friends and family with a big house, new cars, boat and 6 TV's.

That's a lot of interest repayments

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