50-year real estate loans a possibility

Longer loan terms would lower monthly payments

Just as folks are getting used to the idea of 40-year mortgages, securities issuers are upping the ante, talking about possible amortization schedules of 50 years, according to industry professionals.

“It’s a good idea for consumers,” said John Marcell, president of the California Association of Mortgage Brokers. “There’s nothing wrong with a 50- or 60-year mortgage.”

So far, 50-year loans are only a gleam in a couple of securities issuers’ eyes, according to Mark Douglass, a senior director at the Fitch ratings agency.