Is America Ready for the 50-Year Mortgage?
Posted by Judy Orr on
50-Year Mortgage Explained: Pros, Cons, and What It Means for Buyers
"We'll be paying this thing from the nursing home!"
That’s the collective scream you heard last week when Donald Trump casually tossed out the idea of 50-year mortgages—like some kind of housing-market grenade. Critics went ballistic, calling it everything from "generational debt slavery" to "a banker’s wet dream." Marjorie Taylor Greene, never one for subtlety, wailed about people "dying before they ever pay off their homes." (Drama much?) Others? They actually thought, "Wait, maybe this isn't completely ridiculous."
Wait, A Mortgage That Outlives Us?
Let’s rewind. The proposal, reportedly pushed by FHFA director Bill Pulte (who probably just wanted to impress Trump with…
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