The average age of the first-time American homebuyer is at an all-time high of 40, and President Donald Trump's administration has proposed 50-year and portable mortgage options.

Making these alternatives to the standard 30-year mortgage a reality would likely require legislation.

While a 50-year mortgage could save homeowners a couple of hundred dollars each month, they will gain less equity because of paying more interest to the bank, and less principal.

People only stay in a home for seven years on average, according to Allison Mayne, a community development lender at Southern Bancorp.

"I don't want to sound like a naysayer because I think there are, of course, options for everybody," said Christian Beairsto, principal broker at Porchlight Real Estate. "I think if you've got more bu

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