Mortgage quicksand: 1 in 8 extend home loan to lower repayments

Mortgage quicksand: 1 in 8 extend home loan to lower repayments Stressed mortgage holders are adding years and possibly hundreds of thousands of dollars to their loans to reduce their monthly repayments, according to new research by Finder. A Finder survey of 1,012 respondents – 292 of whom have a mortgage – revealed 13% have extended the length of their home loan in the last 12 months to lower their repayments. That's roughly 429,000 borrowers who have added years to …