Whenever we think about mortgage we can’t help ourselves fell frustrated. The new mortgage loan option called 40 year mortgage is becoming more popular. The idea behind the 40 year mortgage is to give consumers a little debt relief, but they benefit the loan lenders more than the borrower. Real estate finance companies and banks are beginning to offer it as well as 30 year, for fixed rate mortgages. The interest rate is typically higher than a 30 year, and the borrower will get a lower monthly payment, but will pay FAR more in interest over the life of the loan.