"...a handful of small lenders have begun offering 50-year adjustable-rate loans to buyers who need to keep payments low in the current economic environment.
Most banks already offer 40-year mortgages, which account for about 5 percent of all home loans, the report said."
"Two issues to keep in mind: A borrower with the 50-year mortgage builds equity very slowly. And because rates on the loans are adjustable, a borrower's monthly payments could rise, the report said.
Mortgage experts caution that the 50-year mortgage is best-suited for those who plan to stay in their home for about five years, while the loan's interest rate remains fixed, the report said. The report of the new 50-year loan comes as the signs mount that the nation's real estate market is cooling."