Phil Crescenzo
Phil Crescenzo is a vice president at Nation One Mortgage Corporation. He defended the idea of a 50-year mortgage, suggesting that while homeowners would build equity more slowly, the option could still be more advantageous than renting, providing a pathway to homeownership for those currently priced out of the market.
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Phil Crescenzo, a vice president at Nation One Mortgage Corporation, said the industry has been overly negative on the 50-year mortgage proposal.
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