Heres the TRUTH on 50 YEAR MORTGAGES vs 30 year FIX

Описание: 🏡 Our Take on 50-Year Mortgages

Are 50-year mortgages good or bad? Here’s our perspective.

Pros of a 50-year mortgage

Makes homeownership more accessible for first-time buyers who might otherwise be stuck renting

Can reduce monthly payments slightly — maybe $200–$300 less on a $500,000 mortgage — which can make a big difference if cash flow is tight 💸

Cons to consider

You’ll pay much more in interest over the life of the loan — potentially three times more than a standard 30-year mortgage

Most people don’t stay in their first home for 50 years, so you may not build meaningful equity before moving

Why a 30-year mortgage often works better

Balances monthly affordability with equity-building 📈

Allows you to move or upgrade after 5–10 years without being “underwater”

Extra income over time can be used to pay down principal faster, accelerating equity while benefiting from home appreciation

Bottom line
A 50-year mortgage can help you get in the door, but a 30-year mortgage usually offers a healthier path to equity and wealth building. Consider your timeline, income growth, and long-term goals before deciding.

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