US President Donald Trump proposes permit 50 year mortgage It is intended to lower monthly payments for buyers and stimulate the market in the face of housing access issues as the United States faces high housing costs.
On his social network Truth Social, President Trump shared an image titled “Great American Presidents,” including an image of former President Franklin Roosevelt (1933-1945) that appeared under the phrase “30-year mortgage,” as well as an image of himself in which Trump said: “50 year mortgage”.
Federal Housing Finance Agency (FHFA) Secretary Bill Pruitt confirmed this Sunday that the U.S. government said: work on this proposal With the message of X.
“We are committed to ensuring the American Dream for young people, and it is economically achievable. buying a house. “The 50-year mortgage is just one potential weapon in a wide range of solutions we are currently developing,” said Pulte.
The US president referred to former President Roosevelt through a series of interventions approved to alleviate the effects of the Great Depression of 1929. Part of the housing loan system has changed.
Within the framework of this package, in 1934 he federal housing administration (FHA) eventually promoted 30-year mortgages.
The current government’s proposal has awakened specific criticism On social networks, even some members of the Republican Party do not believe that this option is appropriate to tackle the problem.
Republican Rep. Marjorie Taylor Greene declared that she did not like the proposal, emphatically saying: There are more negative effects than positive effects..
“lastly, will benefit the bankOn the other hand, people end up paying much more interest over time and dying before paying off their home. Eternal debt, lifelong debt! ” he wrote in a message to X.
Several specialized media outlets have pointed out that while buyers may be able to lower their monthly mortgage payments, the bottom line is: Total amount can be even higher For profit.
Furthermore, as the loan period becomes longer, reduce savings capacity of people will spend most of their lives in this country, and there is even the possibility that overall housing prices will rise.
Measures in this direction are usually era of recession Economical.
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