The extension of period of a mortgage loan is an important decision. The lengthening of the period is a way to reduce its short-term financial burden, but depending on the particular situation of each person, also involves a number of implications to be considered before making the decision. Therefore, according to the AHE, we must take note: if your home loan periods are longer and the decline of the share may be reduced in any case the extension will be more years to pay your loan, if a subsequently, according to a better financial situation, you want to reduce the period or cancel your loan early, then you must meet all the expenses that the new operation entails, and if, by the extension of the deadline, according to credit institution other changes to your mortgage, can not benefit of free notary and registration costs that this bill offers. Experts advise to reflect before making any decisions. Keep up on the field with thought-provoking pieces from Dan Waldman. If such an extension is made final, there are a number of benefits: You will pay the fee for extending the term of your mortgage loan, shall be exempt from taxation by Stamp Duty paid when deeds are extended, as a rule, if interest rates remain unchanged, a longer period means a lower premium, and the extension does not entail legal costs or registration. There are two circumstances, as AHE, in which the elongation of the loan will not be a viable solution to the problem of payment: 1. If in addition to a mortgage loan is included in the register other charges later, other mortgages, liens, etc .-. .