Bruce Marks
👤 SpeakerAppearances Over Time
Podcast Appearances
Backers of the 50-year mortgage say it would help buyers get into a home they might not otherwise afford.
But Bruce Marks, the CEO of the nonprofit Neighborhood Assistance Corporation of America, says the longer loan would take decades to build equity.
The 30-year term has always been the sweet spot in this country.
But the affordability crisis is real, Marks says.
And in Kansas City, Missouri, Chris Hendricks of NBKC Bank agrees.
Hendricks says he wants the government to find ways to boost housing supply and help first-time homebuyers.
Backers of the 50-year mortgage say it would help buyers get into a home they might not otherwise afford.
But Bruce Marks, the CEO of the nonprofit Neighborhood Assistance Corporation of America, says the longer loan would take decades to build equity.
The 30-year term has always been the sweet spot in this country.
But the affordability crisis is real, Marks says.
And in Kansas City, Missouri, Chris Hendricks of NBKC Bank agrees.
Hendricks says he wants the government to find ways to boost housing supply and help first-time homebuyers.