"Buying a home and signing up to a 30 to 35-year mortgage is already the biggest financial commitment you'll ever make. But would you be prepared to go a step further and commit to paying the same interest rate for 30 years?"
"Last month, US President Donald Trump suggested in a Truth Social post that 50-year mortgages could enable priced-out buyers get on the US housing ladder. The post included the words "50-year mortgage" above a photo of Trump and "30-year mortgage" over a photo of President Franklin D Roosevelt."
Buying a home and signing up for a 30- to 35-year mortgage represents the largest financial commitment many people will make. Committing to pay the same interest rate for 30 years is a significant additional decision that can affect household finances. Last month US President Donald Trump suggested that 50-year mortgages could enable priced-out buyers to get onto the US housing ladder. The suggestion appeared in a Truth Social post. The post displayed the words "50-year mortgage" above a photo of Trump and "30-year mortgage" over a photo of President Franklin D Roosevelt.
Read at Independent
Unable to calculate read time
Collection
[
|
...
]