Govt may extend housing loan tenure

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In July 2013, lending and banking institutions capped the housing loan tenure at 35 years, as part of other measures to curb excessive household debt and reinforce responsible lending practices.

Prior to that, borrowers were offered mortgages with tenures as long as 45 years, some offering two-generational loans.

 

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Me going to work just to pay house loan

Why don’t u look at the bloating prices of houses instead of making people,life long debtors? How many young people can afford to buy houses .

Anything but raising wages & bringing down house prices eh?

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