My next loan will be a 15-yr mortgage, and that’s the product I had in Phoenix, before we were priced out of that product in San Diego. At some point, a house should be paid off. At retirement at the latest. How can a 50yr old get a 30 yr mortgage? Do they want to work to age 80 to pay it? Or do they think they’ll sell it and downsize? If the latter, they are counting on appreciation to make equity. You build equity by making payments. Oh, I forgot – paying and saving is the “old way” of finance. The modern way is to charge everything, even the house.