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fromwww.housingwire.com
2 weeks ago

How a 50-year mortgage could affect equity and monthly payments

The idea of the 50-year mortgages flooded the news recently. It is the newest attempt by the Trump Administration to bring down housing costs, but I don't think it was thought through entirely. On paper, it seems like a crazy but good idea. 50 years is a long time, but at least it would allow people to enter into the housing market. But as soon as you dive into the numbers, you realize how the 50-year mortgage could ruin the real estate market forever.
US politics
Real estate
fromSFGATE
3 weeks ago

How to Spend a Million to Borrow $400K: 50-Year Mortgage Math

A 50-year mortgage would reduce monthly payments but raise total interest costs, offering affordability now while increasing lifetime costs and lender risk.
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