Typical mortgage tenure is

• A. 1-5 years
• B. 5-10 years
• C. 10-35 years
• D. 40-60 years

Answer: (C)

Mortgage tenure is the length of time over which a loan is repaid. The longer the tenure, the lower the monthly payment but the more total interest you pay; shorter tenures raise monthly payments but reduce total interest. In practice, home loans are arranged over decades to balance affordable payments with total cost. A typical mortgage term falls in the 10 to 35 year range because it provides a workable monthly amount for most borrowers while keeping total interest reasonable and aligning with lenders’ risk practices. Short terms like 1–5 years would demand too high monthly payments for housing loans, and very long terms like 40–60 years are uncommon because they increase risk and can stretch credibility for both borrower and lender.