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Yo_Mama_Been_Loggin

(131,480 posts) Thu Nov 13, 2025, 08:43 PM Nov 13

What a 50-Year Mortgage Would Mean for Home Buyers [View all]

The Trump Administration is working to introduce 50-year mortgages for home buyers—a plan that has drawn criticism even from some of the President’s allies, and that experts warn could come with potentially major drawbacks.

President Donald Trump suggested that his Administration would introduce 50-year mortgages in a Truth Social post over the weekend. Soon after, Federal Housing Finance Agency Director Bill Pulte posted on X: “Thanks to President Trump, we are indeed working on The 50 year Mortgage—a complete game changer.”

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What are the drawbacks?

One drawback of a 50-year mortgage is that it would take home buyers longer to pay off their debt.

-snip-

“If you were now paying a loan for a 50-year mortgage, and you’re 30, the mortgage wouldn’t end until you’re 80, and so you would have a period of time, most likely during retirement, where you have to pay the debt service costs on top of the property taxes and maintenance,” he continues.

https://finance.yahoo.com/news/50-mortgage-mean-home-buyers-164438732.html

Bill Pulte is getting raked over the coals in the comments section of several articles. Founder of the Pulte Group, most people say he builds some rather shitty low-quality homes.

19 replies

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Highlight:

What a 50-Year Mortgage Would Mean for Home Buyers [View all] Yo_Mama_Been_Loggin Nov 13 OP

Borrowers will have to dweller Nov 13 #1

We die and leave the debt to our children, who probably don't even want the house FakeNoose Nov 13 #2

I don't follow. You sell it in these instances. Same as if you had an unpaid 30 year mortgage. Melon Nov 13 #5

My point is that a lot more people will die with mortgages unpaid FakeNoose Nov 13 #7

But...who cares...really? People die or sell homes owing money everyday. The estate pays what is owed from the Melon Nov 13 #8

Do many people stay in a home long enough to pay off their mortgage? Mark.b2 Nov 13 #3

I thought I remembered 100 year mortgages in Japan. So I ran it through the machine: Hassin Bin Sober Nov 13 #4

There are still going to be 30 year mortgages. 15 year mortgages. I don't see the issue. Melon Nov 13 #6

This comes down to a question of drmeow Nov 13 #9

I don't think so.People need choice. I looked at a certain right wing website earlier. Melon Nov 13 #12

Yes, I do protest 7 year car loans drmeow Nov 14 #16

The alternative is renting. At zero equity Melon Nov 14 #17

The purpose of a 50-year mortgage is to enrich the lenders while offering very little benefit to the home buyer Wiz Imp Nov 13 #14

Why not? From repuke perspective, they plan to have everyone work till they drop dead. SheltieLover Nov 13 #10

It would mean they're basically renting their entire lives, and paying a humongous amount of interest. Sogo Nov 13 #11

This message was self-deleted by its author PeaceWave Nov 13 #13

I would recommend taking the shortest mortgage you can afford. WarGamer Nov 13 #15

That's a really, really bad idea. For the first 20 years of the mortgage you wouldn't even be touching the Vinca Nov 14 #18

This is another stupid trump idea LetMyPeopleVote Nov 14 #19