What a 50 - Year Mortgage Could mean for Homebuyers
Posted by Donna Calhoun on
the White House introduce a 50-Year Mortgage to Make Housing More Affordable
Big Change for Homebuyers
With home prices and high mortgage interest rates, many buyers in Florida and around the country are asking themselves : “ How can I afford to buy a home?”.
Soon we may have an answer coming from Washington. The Federal housing administration has mentioned that the White House is working on developing a 50-year mortgage option for soon to be home buyers, a big change on how Americans buy homes for generations to come.
So what is a 50-Year Mortgage?
The report from the Federal Housing Finance Agency (FHFA) Director Bill Pulte and the current White House administration are “working on” a 50-year mortgage to expand affordability. They’re…
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