50-Year Mortgage

The Proposed 50-Year Mortgage and What It Means for Apartment Owners by Mercedes Shaffer

Economy, Property Management

The proposed 50-year mortgage is being promoted as a way to make homeownership more attainable by lowering monthly payments and helping first-time buyers qualify for larger loan amounts. With the average age of a first-time homebuyer now around 40, policymakers hope that extended amortization will ease the affordability crisis and make it possible for younger…

multifamily-owner-options

Something to Think About #156 Understanding the 50-Year Mortgage by Klarise Yahya

Current Events

The 50-year mortgage is not yet available, but is being discussed amongst one-to-four unit lenders. If it materializes and proves successful, this option will almost certainly become available to apartment and commercial investors.  The traditional 30-year mortgage has long been the standard in domestic lending, but as housing prices continue to climb and affordability becomes…