#50-year-mortgages

#50-year-mortgages

A key criticism of offering house hunters a longer-term borrowing option is that it would not save borrowers a significant amount of money in the short term and would drive up buyer's financing costs in the long haul. Numerous housing gurus claim the interest rate on these half-century loans would be significantly higher than the traditional 30-year mortgage. This logic is largely based on the fact that 30-year fixed-rate mortgages are more expensive than the already available but lesser-used twist, the 15-year home loan.

Pulte has gained notoriety in recent months for leading the crusade against several Trump political enemies including; Federal Reserve governor Lisa Cook, Sen. Adam Schiff (D-CA) and New York Attorney General Letitia James publicly accusing them of mortgage fraud. To date, only James has been criminally charged, and even the strength of that case has been called into question by legal analysts.