The 50-year mortgage is officially in the works, says FHFA Director Bill Pulte.
Supporters say it's the key to affordability with lower monthly payments.
Critics say it's a "debt trap" that will cost homeowners hundreds of thousands more in long term interest.
Is this a path to homeownership or a lifetime of debt?
Supporters say it's the key to affordability with lower monthly payments.
Critics say it's a "debt trap" that will cost homeowners hundreds of thousands more in long term interest.
Is this a path to homeownership or a lifetime of debt?
6 hours ago
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