Have you heard of the new proposal for 50-year mortgages? This topic has gone viral over the past week and the latest episode of FinCap Friday dives deep into the buzz surrounding this new idea and why it has sparked national debate. Between crunching the numbers, comparing mortgage lengths, and weighing the real tradeoffs between affordability and long-term costs, this episode covers all the important considerations potential homebuyers need to make. It’s a perfect discussion starter about financial decision making, homeownership, and how interest rates really compound over time! Check it out below:
That’s possible click here to access the Kahoot quiz and discussion prompt. If you’re short on time, try our simplified No Tech version with questions embedded directly into the slide deck!
About the author
Yanely Espinal
Born and raised by Dominican immigrant parents in Brooklyn, Yanely is a proud product of New York public schools. She graduated from Fiorello H. LaGuardia High School in 2007 before earning her bachelor’s degree from Brown University in 2011. As a member of the Teach For America corps, Yanely taught third and fourth grade in Canarsie, Brooklyn. She received her master’s degree from Relay Graduate School of Education in 2013. She spends her free time creating YouTube videos about personal finance on her channel, MissBeHelpful. Yanely also enjoys dancing, sewing, painting, listening to podcasts, and babysitting her 10 nieces and nephews!
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