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President Trump has proposed a 50-year mortgage plan, which he says would lower monthly payments for homeowners.

Critics, including some conservative allies, argue the plan benefits banks and increases the total interest paid over the life of the loan.

President Donald Trump brushed off criticism about a plan to offer mortgages with 50-year terms .

Over the weekend, Trump floated a 50-year mortgage plan on Truth Social . While the idea of extending mortgage terms may initially seem appealing, it has a few serious drawbacks. Perhaps the most daunting is that legislation passed after the 2008 financial crisis explicitly limits most regulated mortgages to a term of 30 years at the maximum . Longer-term loans have higher interest rates and give homeowners les

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