I originally qualified for a 25 year mortgage, but my broker suggested I go with a 35 year one and just up my payments as if I am paying a 25 year one. That way I get flexibility to lower payments should anything unforeseen happen and I needed to pay less each month. So I'm one of the people who have a 35 year mortgage. But I put 20% down, so I'm guessing I'm not in the high risk group people are worried about.
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