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Benzinga
Benzinga
Business
Piero Cingari

Trump's 50-Year Mortgage Plan Sounds Great Until You See The Interest Bill

Trump's 50-year mortgage idea

President Donald Trump‘s push for a 50-year mortgage—a plan floated to ease housing affordability—may shave hundreds off monthly mortgage bills, but it could ultimately burden homebuyers with far higher long-term costs and slower equity gains.

On Saturday, Federal Housing Finance Agency Director Bill Pulte confirmed that the Trump administration is "working on" introducing a 50-year mortgage product, calling it a "complete game changer."

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