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Op-ed views and opinions expressed are solely those of the author.
Polls consistently show that housing affordability is a top concern for Americans. But we don’t need surveys to tell us what is glaringly obvious: home prices continue to soar, interest rates remain uncomfortably high, and countless families are increasingly feeling that the dream of homeownership is slipping away.
That’s why President Trump’s proposal for a 50-year fixed-rate mortgage is so important. It will give more millennials and working families an immediate chance of ownership.
Critics say a longer mortgage is “a new kind of debt.” But that misses the reality so many families are living with. The real choice is not between a 30-year loan and a 50-year loan. It’s between owning a home and never being able to afford one at all. A longer-term mortgage lowers the monthly payment enough to finally let people move from renting to owning…
READ FULL ARTICLE HERE… (bizpacreview.com)
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