The length of time you will make payments on the loan to pay it off. And while you may think you have to choose a 15-year or 30-year mortgage term, because those are registration title loans two very common options, you may want to consider a 40-year mortgage.

A 40-year mortgage is not ideal for everyone. It takes longer to build equity and you will likely pay more in interest over the life of the loan. But, depending on your circumstances, it might make sense for you. Read some of the potential benefits below and see for yourself. Lees verder →