The fact is, the 40-year mortgage is absolutely perfect for a segment of today's homebuyers (and refinancers), but it absolutely makes no sense for others. Before you decide upon a specific mortgage amortization on a home loan, take a look at this quick case study that compares a 15-year loan with a 30-year loan and a 40-year amortized loan. You'll be glad that you did! How To Evaluate The 40 Year MortgagePlease remember to "like" the post and the video on YouTube too! (5 comments)