50 Year Mortgage

[TerryRohrer]

That FRED graph relates to Home Price Index, presumably not lots.

Yeah, meant to note that. However, here, lot prices here generally did not rise nearly as much as home prices, making the minimization even more egregious!

 

[djd09]

next they will create 5 year loans for a big mac...

 

[Non Sequitur]

Assumable and Portable Mortgages: Could They Fix the Housing Crisis?

The government is looking at ways to improve access to assumable and portable mortgages. How much might that help the housing crisis?

www.mortgageresearch.com

 

[alebrewer]

Assumable and Portable Mortgages: Could They Fix the Housing Crisis?

The government is looking at ways to improve access to assumable and portable mortgages. How much might that help the housing crisis?

www.mortgageresearch.com

Just saw this myself. Fannie/Freddie: Hey guys - we're gonna try to do 50 year mortgages. FHFA: Hold my beer....

 

[Non Sequitur]

IIRC "simple" assumptions for FHA were a thing through the early 90s? Anyway, simple assumptions ended because of abuse. Can't say I'm against portable/assumable mortgages but there has to be guard rails in place.

 

[alebrewer]

Don't disagree. The biggest risks associated with assumptions, as I see it are: (1) it will lengthen the loan term - which could possibly create additional credit risk for the GSE's (as if they don't have enough already), and (2) the potential that the borrower's credit profile won't match well with the terms of the initial mortgage. I know FHA, specifically, dealt with a lot of fraud back in the day regarding the 2nd issue.

 

[Non Sequitur]

I know FHA, specifically, dealt with a lot of fraud back in the day regarding the 2nd issue.

Yeah. More than a few people assumed mortgages with little/nothing down and collected rent until the loan defaulted.

 

[Surf Cat]

This is classic Trump throwing stuff out there to keep people off balance without any intention whatsoever of following through. Telling people what they want to hear right now.... to get them off his back and have them thinking he's going to take care of it.

* As soon as I'm elected I'll release my taxes.

* Mexico will pay for the wall.

* You'll have a beautiful healthcare plan.

* Cut taxes for low and middle income Americans while increasing taxes on the wealthy.

" End the war between Russia and Ukraine in 24 hours.

* I'll release the Epstein files.

A cr*p load of more promises and throw off balance "deals" fit here.....to the thread's topic of;

* "A complete Game Changer" the 50 year mortgage.

Trump keeps shifting the story because he never intends to follow through....he only makes promises when he thinks they’ll boost him, not because he plans to keep them.

 

[Carnivore]

When trump made the comment about 50 year mtg that was taken out of context

I got sidetracked

I see below has already been discussed so I will leave it up.


Here is a new wrinkle that you may have to deal with in the future I never heard of this but apparently has been discussed in the lending community

A portable mortgage lets you transfer your existing mortgage to a new home, keeping your current interest rate and terms.


This concept is gaining attention as a way to make homeownership more flexible and affordable, especially in a high-interest-rate environment. Here's how it works and why it's generating buzz:

What Is a Portable Mortgage?​

• Definition: A portable mortgage allows homeowners to transfer their existing mortgage—including the interest rate and terms—from one property to another when they move Smart Capital Mind GLM Mortgage Group.
• Key Feature: Instead of breaking your mortgage and facing penalties or higher rates, you can carry it over to your next home.

Why It’s Useful​

• Avoids Penalties: You don’t have to pay prepayment penalties for ending your mortgage early.
• Preserves Low Rates: If you locked in a low interest rate, you can keep it even if rates have risen.
• Simplifies Moving: Makes it easier to upgrade or downsize without renegotiating a new mortgage.

Current Developments​

• The Trump administration is actively evaluating portable mortgages as part of broader efforts to improve housing affordability Newsweek Yahoo Finance.
• This idea is being considered alongside other proposals like 50-year mortgages and assumable loans, which also aim to ease financial burdens for buyers Mortgage Research Center.

Considerations​

• Not all lenders offer portable mortgages.
• There may be restrictions on the type of property you can transfer the mortgage to.
• You’ll still need to qualify for the new home purchase under your lender’s criteria.

Would you like help comparing portable mortgages to other options like assumable loans or fixed-rate mortgages? I can break down the pros and cons.

 

[cashcatz]

This is classic Trump throwing stuff out there to keep people off balance without any intention whatsoever of following through. Telling people what they want to hear right now.... to get them off his back and have them thinking he's going to take care of it.

* As soon as I'm elected I'll release my taxes.

* Mexico will pay for the wall.

* You'll have a beautiful healthcare plan.

* Cut taxes for low and middle income Americans while increasing taxes on the wealthy.

" End the war between Russia and Ukraine in 24 hours.

* I'll release the Epstein files.

A cr*p load of more promises and throw off balance "deals" fit here.....to the thread's topic of;

* "A complete Game Changer" the 50 year mortgage.

Trump keeps shifting the story because he never intends to follow through....he only makes promises when he thinks they’ll boost him, not because he plans to keep them.

Maybe he can offer the Ukrainians 50 year mortgages for the Mexican border wall in exchange for giving the Russians both a copy of the Epstein files and his tax records as long as they can get their appraisal turn around times down to 24 hours...