The 30-year mortgage has been the American standard for decades, balancing affordable monthly payments with a reasonable repayment period. However, as home prices soar and interest rates rise, particularly in urban areas, even 30-year mortgages can leave many families struggling with unaffordable payments. A 40-year mortgage would lower monthly payments by extending the repayment period and possibly locking in an affordable market rate, making homeownership accessible to a broader segment of the population. There’s no magic in the 30-year mortgage term — it was born during the Great Depression when life expectancy was also around 60 years. Today, with life expectancy nearing 80 years, a 40-year term aligns better with modern realities. Thank you CNBC for giving me the platform to discuss the challenges with home mortgages in America and how a simple change can make a big impact for all Americans. Click the link in my bio to sign up for FREE financial coaching with Operation HOPE today...