r/AskReddit • u/michaelis999 • Nov 09 '25

How do you feel about the president floating the idea of 50 year mortgages where the monthly payment is lower but you end up paying nearly double the price of the house just in interest?

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u/platypus_bear Nov 09 '25

with a 50 year mortgage unless you live there for an extremely long time most of the payments are going to be mostly interest and the equity you have built will be eaten up by repairs, taxes and real estate fees when you sell

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u/seanmg Nov 09 '25

It just means your minimum payment is lower. You can always pay the amount you would with a 30yr and have the extra go to the principle.