DEVELOPING: Is a 50-year mortgage really that much crazier than a 30-year one?

Breaking News: 50-Year Mortgage Proposal Sparks Debate President Trump has sparked a heated discussion by suggesting the government back 50-year fixed mortgages, a move that has drawn criticism from many, including some of his own supporters. Critics argue that such a mortgage would result in Americans being in debt for their entire adult lives, paying significantly more in interest over the lifetime of their loans. Rep. Marjorie Taylor Green (R-Ga.) called it a "debt for life" situation, where borrowers would pay far more in interest and potentially die before paying off their home. The proposed 50-year mortgage would allow borrowers to make interest-only payments for many years, preventing them from paying down their principal and building equity in their homes. This has raised concerns that it would reward banks, mortgage lenders, and home builders at the expense of homeowners. The idea of a 50-year mortgage has been met with skepticism, with many questioning its feasibility and potential impact on the housing market. The proposal has yet to gain traction, and its future remains uncertain. This is a developing story, and we will continue to provide updates as more information becomes available.