CMT Team·General·October 17, 2006Long Term Mortgages Catching On 20% of home buyers are taking out 35-year mortgages according to Genworth Financial. (Source: Toronto Star, Story Link) Expect the trend towards mortgages with less down and longer terms to strengthen notably in Canada, as it has in the U.S. Note however: If you get one of these products, MAKE SURE you are disciplined enough to pay down principle as soon as you can. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.