What are the advantages and disadvantages of various mortgage maturities? Some people feel that home mortgages should be paid off as quickly as possible. Others believe that mortgages should take as long a period of time to pay off as possible. How does the term period of a home mortgage impact an individual's cash flow? Which is more relevant, the length of the mortgage, the interest rate, or both? Explain your choice, and use real- world examples to support your position