Fannie Mae removed the minimum credit score of 620, required to qualify for a loan. Trump wants to give a 50 year mortgage option. We talk about if it is a good idea, and the impact it may have. 

Takeaways

• Most people may not prefer a 50-year mortgage.
• Longer mortgage terms could impact financial planning for homeowners.
• Potential risks of long-term mortgages need to be considered.
• Consumer education on mortgage options is essential.
• The future of home financing may include more flexible terms.

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