The Trump administration is working on a plan for a 50-year mortgage , Federal Housing Finance Agency Director Bill Pulte confirmed this weekend, and Twin Cities real estate professionals say there are many pros and cons to consider.

"The 50-year mortgage that they're talking about would be a unique innovation in our industry," said Peter Boyle, a mortgage lender at Movement Mortgage in the Twin Cities. "Normally, the standard is a 30-year fixed-rate mortgage."

Boyle sees this five-decade term as a possible fit for first-time homebuyers, or homeowners in the market who are looking for greater cash flow to invest elsewhere.

With a longer term, Boyle says homebuyers would see lower monthly payments, which could help more people get into the market and increase a buyer's purchasing pow

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