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In reply to the discussion: 'Sold POTUS a bill of goods': White House furious with Pulte over 50-year mortgage [View all]PeaceWave
(2,465 posts)18. I watched Stephanie Ruhle's segment on this story. She presented no alternative point of view...
I like Stephanie Ruhle. She's my go to in her time slot. However, to me it appeared quite obvious why she didn't have someone on to discuss the possible advantages of extended term loans - because if she had done so, there wouldn't have been much of a discussion. Again, nobody is talking about taking away access to traditional 15 or 30 year mortgages. They're only talking about giving customers more options - which would be particularly helpful for first time home buyers.
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'Sold POTUS a bill of goods': White House furious with Pulte over 50-year mortgage [View all]
Yo_Mama_Been_Loggin
Tuesday
OP
I'd like to hear a logical argument for why lenders should not be allowed to offer customers a 50 year mortgage...
PeaceWave
Tuesday
#2
Have you not heard of a refinance? The 50 year mortgage would essentially be a starter mortgage...
PeaceWave
Tuesday
#12
Who wouldn't want to inherit a $1,000,000 home with a $300,000 mortgage? How is that a bad thing?
PeaceWave
Tuesday
#22
In any case, IQ47 would not deserve to be lauded as FDR-like for allowing that to happen
AZJonnie
Tuesday
#10
40 year mortgages were a staple of Obama's Home Affordable Modification Program (HAMP) loan program...
PeaceWave
Tuesday
#13
As were lower interest rates, extended loan terms, trial periods and principal reductions.
Torchlight
Tuesday
#25
That plan also reduced rates to as low as 2% and included principal forbearance. nt
pnwmom
Tuesday
#29
Technically, I believe lenders can offer 50 year mortgages, but they would be "non-qualified mortgages".
Jim__
Tuesday
#15
I watched Stephanie Ruhle's segment on this story. She presented no alternative point of view...
PeaceWave
Tuesday
#18
FDR didn't start the 30 year mortgage. Congress authorized it in 1948 for new construction,
rsdsharp
Tuesday
#3
I'm seeing a lot of shoddy construction in Florida, a lot of the crap being built today won't last 50 years.
sop
Tuesday
#26
This narrative is openly saying that Donnie is stupid & easily manipulated. He is, but it's amusing to see them admit it
themaguffin
Tuesday
#7
Pulte isn't a friend. Isnt he the one who set up the 2 women (can't remember names)
Srkdqltr
Tuesday
#11
Precisely. The average homeowner lives in their home for less than 15 years...
PeaceWave
Tuesday
#19
The concept of a fifty-year mortgage isn't a new one, the idea has been around for a long time.
SWBTATTReg
Tuesday
#21
It's always been said that Dozing Donnie always listens to the last person in the room.
Totally Tunsie
Tuesday
#30