“Trump introduced a new idea to tackle home affordability: a 50-year mortgage loan. Federal Housing Finance Agency Director Bill Pulte called the proposal “a complete game changer.” … but many housing experts warn the plan could backfire, raising the cost of homeownership by stretching out payments, adding more interest over time, and driving up home prices.” — CNN
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Q: What is a 100-year mortgage loan?
A: We offer the flexibility of financing your new home over an entire century, theoretically lowering your payments as the loan is spread out over a longer period of time.
Q: Who is this loan for?
A: Everyone. But especially immortal wizards and vampires; people who think “100” sounds like a nice round number; and us, your lender, who will be collecting interest on this loan until you turn to dust.
Q: Does this actually save me any money?
A: It absolutely might.