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The most common mortgage loan terms are 15 and 30 years, but if you need a lower monthly payment, a 40-year mortgage may be an option. While this longer loan payoff period could reduce your mortgage payment and bring home affordability within reach, a 40-year mortgage comes with limitations that should give you pause.

Not many lenders offer 40-year mortgages, but you may find this type of mortgage as a loan modification if you’re struggling to keep up with payments. Learn more about 40-year mortgages, whether you can get one and whether it’s a good idea.