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You guys excited about 50 year mortgages?
Posted on 11/11/25 at 5:49 pm
Posted on 11/11/25 at 5:49 pm
If I bought a new house with one now, I would pay it off when I’m 110. Ha! Joke’s on the bank. No way I live that long. Suckers!
20
Posted on 11/11/25 at 5:51 pm to Slippy
Yes, I'll probably use one to buy a mansion on my 70th birthday, Everyone is invited to the party. 
Posted on 11/11/25 at 5:51 pm to Slippy
I love knocking $200 off my monthly note and paying nearly double the interest over the term of the loan! So much winning!
Posted on 11/11/25 at 5:52 pm to Slippy
Mortgage portfolios with a 35% default rate should be fun. Can’t wait for that to get passed on to the American taxpayers.
Posted on 11/11/25 at 5:54 pm to Slippy
frick a 50 year mortgage. I still owe Columbia House money!
Posted on 11/11/25 at 5:54 pm to Slippy
quote:
If I bought a new house with one now, I would pay it off when I’m 110. Ha! Joke’s on the bank. No way I live that long. Suckers!
The bank will make their money whether you live to be 110 or drop dead the day after you sign the mortgage.
A fifty year mortgage is a banks dream.
Posted on 11/11/25 at 6:09 pm to Slippy
It’s better than renting your entire life. Still a bad idea though
Posted on 11/11/25 at 6:10 pm to Slippy
Anyone predicting inflation, which would precipitate increased interest rates, should be eager to lock in a 50 year fixed rate right about now.
Posted on 11/11/25 at 6:11 pm to UncleRuckus
Well you’re pretty much renting for 50 years.
Posted on 11/11/25 at 6:15 pm to Martini
quote:
Well you’re pretty much renting for 50 years.
Try selling the house you’ve been paying rent on for 40 years. And over that 40 years your rent will increase
Posted on 11/11/25 at 6:17 pm to UncleRuckus
quote:
Try selling the house you’ve been paying rent on for 40 years. And over that 40 years your rent will increase
Renting comes with positives that you don't get with home ownership though
Posted on 11/11/25 at 6:27 pm to Slippy
I’m just glad I already own a house, so of this grows legs and house values skyrocket, I can ride it up. I feel genuinely sorry for anyone who has to enter the market after that point.
Posted on 11/11/25 at 6:28 pm to Slippy
Never went to full length of a mortgage. My first house, moved out in 13 years. Second house I built, financed with a friend of mine, he financed 7 houses, took in over $5,000 a month.
The second house I built, my friend financed it at a better rate than the bank, got a 15 year loan. But by paying every other week, it knocked it back to 12 years 8 months. But I payed it off in 8 years.
At one time I owned 3 houses at the same time. For years I built and flipped houses.
Not many folks go the extent of a loan.
The second house I built, my friend financed it at a better rate than the bank, got a 15 year loan. But by paying every other week, it knocked it back to 12 years 8 months. But I payed it off in 8 years.
At one time I owned 3 houses at the same time. For years I built and flipped houses.
Not many folks go the extent of a loan.
Posted on 11/11/25 at 6:28 pm to Slippy
Why not, I’m sure 30 seemed excessive at one time.
Posted on 11/11/25 at 6:33 pm to Slippy
Can’t wait to refinance at a ten percent rate for 500 years and pay 100 month for ten generations…
Posted on 11/11/25 at 6:33 pm to Slippy
More proof for powerbottom that ppl on here think someone willl sit in 1 loan for 50yrs
Posted on 11/11/25 at 6:37 pm to TTB
quote:
still owe Columbia House money!
One of the proudest moments of my young adult life was paying those frickers off. Also, still have a Discover Card today because those dudes gave young irresponsible me a second chance to build credit.
Posted on 11/11/25 at 6:53 pm to TigerBait1971
I fell for it once
Or twice
Or twice
Posted on 11/11/25 at 6:58 pm to Slippy
I don't get the hate. Better than renting forever.
Posted on 11/11/25 at 7:09 pm to CAD703X
quote:
I don't get the hate. Better than renting forever.
I’m not sure that’s true. I hot housing markets with heavy appreciation, sure. But in any other market? Once you add up interest, insurance, regular maintenance, and major repairs, I’m not sure if you’re actually coming out ahead financially versus paying less in rent and investing in something else. When you add in the more subjective aspects, like being tied to an asset that might need to be sold on short notice, or might have the area around it go to shite, etc, and I don’t know that it’s better than renting as a categorical.
This post was edited on 11/11/25 at 7:11 pm
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