Should I get a 30-year mortgage? | About That

The federal government is allowing longer mortgage repayment periods for first-time buyers with insured mortgages on newly built homes. Andrew Chang explores the pros and cons of 30-year amortization vs. the previous 25-year rule for prospective homeowners.

CORRECTION (April 12, 2024): At 1:38 in this video, we miscalculated that 20% of $500,000 is $125,000. It's $100,000. It has been edited out for clarity.

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