Impact of a 50 year mortgage?

  • What’s a 50-Year Mortgage?

    Recently the federal agencies have considered enabling mortgages amortized over 50 years: spreading principal repayments over five decades rather than the conventional 30 (or 15) years. The objective: lower monthly debt service for homebuyers, improving affordability in a high-price/ high-rate environment. Key trade-offs:   Monthly payments drop (because amortization is stretched) but total interest paid…