50 Year Proposed Mortgage, A Bad Idea?
Автор: Kristin Burns, Realtor
Загружено: 2025-11-17
Просмотров: 1214
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Hearing About a 50-Year Mortgage? Let’s Talk…
When I first heard about 50-year mortgages, I thought, Hmm… most people don’t stay in their homes for 30 years… much less 50.
A lower payment sounds great, until you realize the interest rate is often higher because it’s a bigger risk to the bank.nSo… why would you do it?
Some people think they’ll get the 50-year loan and pay it off like a 30-year.
Spoiler: most people don’t have that kind of discipline (and that’s okay!).
But stretching a loan that long can feel a lot like renting or an interest-only loan, you’re not really gaining traction. And we’ve seen how those interest only loans turned out.
And let’s be honest, if the average first-time buyer is 40, a 50-year mortgage means you might not see the finish line.
Bottom line: If this 50 year mortgage becomes an actual thing, know the risks. Protect your financial future. Don’t let a “lower payment” cost you more in the long run.
➡️ Have questions about the best mortgage options for YOU? I’m here to help you make smart, confident decisions. Thanks for watching and don't forget to like and subscribe to my You Tube Channel for more real estate info and content.
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