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50-Year Home Loan the Worst Idea Since New Coke – The American Spectator | USA News and Politics

50-Year Home Loan the Worst Idea Since New Coke – The American Spectator | USA News and Politics

Why stop at a 50-year loan for first-time home buyers? Why not a 100- or 500-year loan? The 50-year mortgage spells great news for bankers but more bad news for buyers. It means that the average first-time homebuyer — a person not in his or her 20s as in the…

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