A 50-year mortgage is ‘only going to hurt the consumer.’ Here are some ideas that could actually help.
1. Proposal for a 50-year mortgage aims to alleviate housing costs. 2. Lower monthly payments could stimulate housing market activity. 3. Experts warn of long-term financial drawbacks for homeowners. 4. Assumable mortgages could increase market liquidity and decrease costs. 5. Ending capital-gains tax may incentivize home selling.