INDIANAPOLIS — This week, discussions emerged about introducing a 50-year mortgage.
It follows a post from President Donald Trump on Truth Social.
His post shows a photo of President Franklin Roosevelt with the caption “30-year mortgage,” since the loan length originated under his presidency. Next to Roosevelt is a photo of Trump with the caption "50-year mortgage."
The goal? Help achieve housing affordability.
Buying an affordable house feels out of reach for many.
The median age of a first-time homebuyer is 40 years old.
Audrey McClelland, a loan officer with GVC Mortgage , said a lot of people are trying to strike a balance between two financial goals.
"They're trying to pay things down while save (money)," McClelland said.
McClelland explained while a longer-term mortgage could

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