What is the average life expectancy for a mortgage?

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I need a verifiable source of all answers to this question can be found.


  1. Reply
    January 26, 2011 at 10:03 am

    35 years. You can go up to 40 years these days. We may see that change as the Boomers start to move to smaller digs then it will be a 15 year loan as they will want to keep it paid off even if they take a mortgage for the last house!
    How about a library for a verifiable source? See link:

  2. Reply
    Paul in San Diego
    January 26, 2011 at 10:14 am

    Your question is ambiguous. Do you mean how many years the average mortgage is initially for or how many years, on average, do people keep their mortgages before selling their home?

    The most common original mortgage length is 30 years. The average length of time that a mortgage is actually held is about 5 years.

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