Ep. 266 | The Truth About Trump’s 50-Year Mortgage: Lower Payments, Lifelong Debt?
Description
You’re hearing a lot about President Trump’s proposal for a 50-year mortgage — but what does it REALLY mean for your wallet? Does it make homeownership more affordable… or does it lock millions of Americans into a lifetime of debt?
In this episode of The Financial Mirror, we break down the truth behind 50-year mortgages, how they compare to 30-year loans, and why the “lower monthly payment” might cost you hundreds of thousands more over time.
We cover:
✔️ How much you ACTUALLY save each month on a 50-year mortgage
✔️ Why total interest paid nearly doubles
✔️ How slower equity growth keeps families “house poor” for decades
✔️ Why lenders benefit more than buyers
✔️ How this trend impacts first-time homebuyers, middle-class families, and long-term wealth
✔️ What to do before you consider ANY long-term mortgage product
If you're thinking about buying a home, refinancing, or planning your financial future, this episode will help you avoid the traps, understand the math, and protect your long-term wealth
🔥 COMMENT BELOW: Would YOU ever take a 50-year mortgage? Why or why not?
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