Tracy Joy

Proposal could lower payments by ~$120/month, but savings depend on loan duration and refinancing habits.
Mortgages >30 years need legislative change for government backing; otherwise, higher rates may erase savings.
Longer terms slow equity buildup, increase total interest, and may not address down payment or debt barriers.
Other ideas: portable mortgages, capital gains tax changes, and Fannie/Freddie privatization face complex trade-offs.
Main solution cited: build more homes; increased construction costs from tariffs seen as counterproductive.

50 YEAR MORTGAGE
BOOSTS HOUSING
ACCESS

Stay in your home 5–7 years to build equity and make ownership worthwhile.
Check your credit score; 700+ can mean lower mortgage rates and payments.
List your needs vs. wants; no house is perfect, so decide on deal-breakers.
Get pre-qualified for a loan to speed up the mortgage process and know your budget.
Always get a professional inspection to uncover hidden issues before closing.