A proposal touting 50-year mortgages could double interest payments and worsen inequality

The intended purpose of a longer-term mortgage would be to lower the monthly payment for homeowners. But a lower monthly payment, has other trade-offs.

The Trump administration is working on a plan to introduce a 50-year fixed-rate mortgage with the goal of making homeownership more affordable.

"It might help a little bit," Trump said of the 50-year mortgage plan, which has no details attached yet. His housing director called it a "game-changer."

The Trump administration has floated a “game-changer” solution to the lack of housing access — and it has experts scratching their heads.

It also may not fit within the average American life expectancy.

The US president is increasingly focusing on affordability amid growing public pessimism on the economy.

A proposal touting 50-year mortgages could double interest payments and worsen inequality