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Trump mulling 50-year mortgages. Will they be a ‘game changer’ for home buyers?

Supporters say the 50-year mortgage could be a boon to families looking to buy with soaring housing costs but critics aren’t so sure
Supporters say the 50-year mortgage could be a boon to families looking to buy with soaring housing costs but critics aren’t so sure (Getty Images)
  • The Trump administration is considering introducing a 50-year mortgage option, as announced by Federal Housing Finance Agency Director Bill Pulte.
  • This proposal aims to address the high cost of housing and improve affordability, particularly for young people looking to buy homes.
  • While a 50-year mortgage would significantly lower monthly payments, it would extend the repayment period by two decades compared to the traditional 30-year term.
  • The idea has generated mixed reactions, with some critics, including Republican politicians, expressing concerns about increased long-term debt for homebuyers.
  • Conversely, some supporters view the 50-year mortgage as a beneficial, pro-homeowner policy that could help more Americans achieve homeownership amidst rising costs.
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