Housing loan 10 year or 20 years?

1. I agree with his theory. Now the interest rate of mortgage loan is the lowest among all bank loans. You don't have to pay it back right away. Now it is equivalent to or even higher than the loan interest. But in the end, I suggest you consider your actual age and pay off the loan before retirement.

2. It is not recommended to repay in advance, because what you want to do is the repayment method of "equal principal and interest", so in order to achieve the consistency of monthly repayment, the principal is in the form of pyramid and the interest is in the form of inverted pyramid. In other words, when you pay back in advance, there is actually not much interest left to pay back, and the principal is actually not paid back.