Anthony Hsieh, president of, Comments on Increasing Interest in 50-year Mortgages

Released  May 10, 2006
By Megan Greuling

CHARLOTTE, N.C., May 10, 2006 – The 50-year mortgage, while still new, is gaining in popularity with some homebuyers, allowing them to keep low monthly payments in an environment where interest rates and home prices are rising. The question is: should consumers finance their greatest asset for a half a century?

According to Anthony Hsieh, president of, "Mortgage lenders are getting craftier with their product offerings to get the attention of consumers.”

The market has "come a long way," said Hsieh, referring to the days when consumers had few choices beyond a 20 percent down payment with a fixed rate mortgage. “The lending environment has certainly changed, and it’s critical for consumers to slow down and take the time to understand the products they’re being offered.”

For more information about becoming a smart borrower, please visit the LendingTree Knowledge Center, Here, consumers will find hundreds of articles and related tools to help them make informed and empowered borrowing decisions.

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