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The Trump administration proposes 50-year mortgages to make homes more affordable.
Experts warn these mortgages increase total interest, making homes less affordable.
A 50-year mortgage may cost $456,426 more in interest than a 30-year loan.
SALT LAKE CITY — The Trump administration has an idea it says will make homes more affordable: 50-year mortgages. But some personal finance experts warn that stretching a loan from 30 to 50 years will do the opposite and make homes less affordable.
In the Wasatch Front and in St. George, the median sales price of homes has shot way above the $500,000 mark. Now, to lower monthly payments and to bring more buyers into the market, the president is suggesting 50-year mortgages. His administration calls i

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