50-Year Mortgage & No Credit Score? Does It Really Make Sense?

Описание: Thinking about a 50-year mortgage or heard that Fannie Mae no longer requires a minimum credit score for some loans? This video breaks down what these changes really mean for you, whether it’s a smart move or a red flag.

I’ll walk you through:

What a 50-year mortgage is, how the monthly payment changes and what the total cost looks like.

Why Fannie Mae recently removed the minimum credit‐score requirement for loans via its DU system — and what that means for borrowers.

The hidden risks: slower equity build-up, possibly higher interest rates, longer payoff horizon, and what lenders still care about beyond “no score”.

How to assess if these options make sense for your situation — first‐time buyer, move-up buyer, or refinancing.

My lender’s checklist: what questions to ask, what to watch out for, and how to decide what’s best.

📌 Drop a comment below: “Would you choose a 50-year mortgage if you knew you’d be paying it until age 80?” I’ll respond to as many as I can and dive into the top concerns.

👉 Visit www.SteveFergusonTeam.com
to book a free strategy session, see your options, and make sure you understand every number before you commit.
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