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Message
The 50-year mortgage is a good idea actually
Posted on 11/10/25 at 6:49 pm
Posted on 11/10/25 at 6:49 pm
Obviously, it’s not as favorable as a 30-year mortgage. However, it’s better than renting perpetually because you can’t afford to get into a house.
You’ll at least gain a small amount of equity, and you’ll also stabilize your housing payment for the coming years. Your escrow can go up because of rising insurance and property taxes, but your principal and interest total are locked in for 50 years.That’s better than renting and having your landlord raise your rent 10% every year.
Also, you don’t have to keep the 50-year loan term anyway, and most people probably won’t. Once your financial situation improves, you just refinance it with a 30-year, 20-year, or 15-year term.
In summary, 50-year mortgage is not as good as a 30-year mortgage but still better than renting.
You’ll at least gain a small amount of equity, and you’ll also stabilize your housing payment for the coming years. Your escrow can go up because of rising insurance and property taxes, but your principal and interest total are locked in for 50 years.That’s better than renting and having your landlord raise your rent 10% every year.
Also, you don’t have to keep the 50-year loan term anyway, and most people probably won’t. Once your financial situation improves, you just refinance it with a 30-year, 20-year, or 15-year term.
In summary, 50-year mortgage is not as good as a 30-year mortgage but still better than renting.
This post was edited on 11/10/25 at 6:50 pm
46
Posted on 11/10/25 at 6:50 pm to cbree88
It’s also better than lighting money on fire
Posted on 11/10/25 at 6:51 pm to Sun God
Yep
Posted on 11/10/25 at 6:55 pm to Sun God
quote:
t’s also better than lighting money on fire
Depends how cold you are.
Posted on 11/10/25 at 6:55 pm to cbree88
Just make sure you roll your closing cost into the loan. That way you can be upside down for the first 10 years of your first house. 
Getting a loan at 25 that wont mature until you are 75 is not a recipe for financial success.
Getting a loan at 25 that wont mature until you are 75 is not a recipe for financial success.
Posted on 11/10/25 at 6:57 pm to Pintail
quote:
Just make sure you roll your closing cost into the loan. That way you can be upside down for the first 10 years of your first house. Getting a loan at 25 that wont mature until you are 75 is not a recipe for financial success.
Still better than renting perpetually
Did you actually read the whole post or just look at the title?
Posted on 11/10/25 at 6:58 pm to cbree88
Are you ok with what it would take to make it a reality? Mainly being that these will need either direct govt funding or at the very least a guarantee.
Posted on 11/10/25 at 6:59 pm to cbree88
Know what’d be a better idea? Banning corporations, especially foreign investors, from owning single-family homes.
Posted on 11/10/25 at 6:59 pm to billjamin
quote:
Are you ok with what it would take to make it a reality? Mainly being that these will need either direct govt funding or at the very least a guarantee.
Banks pretty much have a guarantee already anyway. Fannie Mae and Freddie Mac will already buy up any mortgage loans that banks don’t want to keep.
Posted on 11/10/25 at 7:00 pm to cbree88
quote:
Banks pretty much have a guarantee already anyway. Fannie Mae and Freddie Mac will already buy up any mortgage loans that banks don’t want to keep.
That only works if you boot it before you securitize. You can’t dump a loan at year 5 that’s in a abs.
Posted on 11/10/25 at 7:00 pm to Harry Caray
quote:
Know what’d be a better idea? Banning corporations, especially foreign investors, from owning single-family homes.
That would be a good idea too. It would help prices go down. No reason you can’t do both
Posted on 11/10/25 at 7:03 pm to cbree88
quote:
That would be a good idea too. It would help prices go down. No reason you can’t do both
If you can throw all the illegals out of the country and then make immigration to this country a merit-based necessity system with caps on entries that would help it even more.
Posted on 11/10/25 at 7:04 pm to cbree88
A strong argument could be made one way or the other.
The big winner would be the banks, because the bank always wins. Mick Mulvaney on The Hill said that a 50 year mortgage would double the interest on a 500,000 dollar home with a 5 percent interest rate (360k to 720K). But then again, I'll be dead in 50 years, so if it brings down the monthly payment then why not.
The big winner would be the banks, because the bank always wins. Mick Mulvaney on The Hill said that a 50 year mortgage would double the interest on a 500,000 dollar home with a 5 percent interest rate (360k to 720K). But then again, I'll be dead in 50 years, so if it brings down the monthly payment then why not.
Posted on 11/10/25 at 7:04 pm to cbree88
50 year mortgage has been around for a while in other countries - not a fan - but you can always pay more per month or pay it off early. If it helps get people into ownership, do it
It seem to me a better alternative would be offer a guaranteed “lower” rate on 30 yr for primary homes - like 3.5/4%.
It seem to me a better alternative would be offer a guaranteed “lower” rate on 30 yr for primary homes - like 3.5/4%.
Posted on 11/10/25 at 7:04 pm to billjamin
quote:
That only works if you boot it before you securitize. You can’t dump a loan at year 5 that’s in a abs.
Right, but if banks are afraid of 50-year mortgages initially they can originate and then sell right away to Fannie Mae or Freddie Mac or Penny Mac.
Posted on 11/10/25 at 7:05 pm to cbree88
Don't have to refinance if interest rate is good.
Just make very large payments and pay down quicker.
Just make very large payments and pay down quicker.
Posted on 11/10/25 at 7:05 pm to cbree88
50 year mortgage is great for the banks...
Government interfering once again with homes, this will drive up home prices massively.
you dont understand this will just stretch what people can afford..
Home prices would go up massively if the 50 year mortgage is allowed
Government interfering once again with homes, this will drive up home prices massively.
you dont understand this will just stretch what people can afford..
Home prices would go up massively if the 50 year mortgage is allowed
Posted on 11/10/25 at 7:05 pm to cbree88
I think a 50 year mortgage will be no different than an interest only option. What will likely happen is the price of homes will go up because of buyers having more affordability, so buyers will eventually be in the same situation with a 50 year mortgage as they are now with a 30 year.
Posted on 11/10/25 at 7:06 pm to cbree88
quote:
Right, but if banks are afraid of 50-year mortgages initially they can originate and then sell right away to Fannie Mae or Freddie Mac or Penny Mac.
Right. So back to that thing about the only way this works is if the govt pays for it.
Posted on 11/10/25 at 7:06 pm to cbree88
quote:
However, it’s better than renting perpetually because you can’t afford to get into a house.
Most people don't spend more than 8-10 years in a house, especially younger people who are more likely to be renters, so...
At the end of 10 years with a 50 year mortgage at 8% for a $300k house (20% down), you will have knocked all of $6k off the principle. I'd much rather rent and not have to pay for repairs.
This 50 year mortgage stuff is peak insanity and stupidity.
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