The Trump administration recently raised the idea of a 50-year mortgage, which could mean lower monthly payments than a 15- or 30-year mortgage. Five decades of interest would add up to much more than the current mortgages available.
Here & Now‘s Scott Tong speaks with Allison Schrager, a Bloomberg opinion columnist covering economics and a senior fellow at the Manhattan Institute, about whether a 50-year mortgage is a good idea.
This article was originally published on WBUR.org.
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