What a 50 - Year Mortgage Could mean for Homebuyers
Posted by Donna Calhoun on
A Game-Changing Idea for Homebuyers
As home prices and interest rates remain high, many families across Florida are asking the same question: “How can I afford to buy a home right now?”
There may soon be a new answer coming from Washington. Federal housing officials have confirmed that the White House is developing a 50-year mortgage option — a move that could change how Americans buy homes for generations to come.
What Is the 50-Year Mortgage?
According to Federal Housing Finance Agency (FHFA) Director Bill Pulte, the Trump administration is “working on” a 50-year mortgage to expand affordability. He called it a “complete game changer.”
For a little history — the 30-year mortgage was created during Franklin D. Roosevelt’s New Deal,…
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