Can a 50-Year Mortgage Fix Housing Affordability? The Data Says Mostly No
Longer loan terms could open the door to home ownership for 1 in 85 renters in America’s 100 largest cities, but not all will benefit equally. We did the math. A 50-year mortgage term could reduce monthly payments by an average of just ~$84 while ballooning interest by an extra ~$561K on an average home […]