))
Fastest Four: The Truth About 50-Year Mortgages
Manage episode 519443105 series 3033836
Content provided by GenWealth Financial Advisors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by GenWealth Financial Advisors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Would you pay for your house for 50 years? The Trump administration is floating a plan to allow banks to offer 50-year mortgages—and while the headline sounds like “affordable homeownership,” the math tells a very different story.
In this week’s Fastest 4 Minutes in Finance, Scott Inman breaks down what a 50-year mortgage really means for buyers, including:
- How much you actually save per month compared to a 30-year mortgage
- The massive spike in total interest you’d pay over the life of the loan
- Why it would take 30 years to build $100,000 of equity
- How today’s affordability challenges compare across generations
- Why stretching debt longer isn’t the solution—and what is
If you’re trying to make smart decisions about homeownership, rising costs, or long-term financial planning, this episode gives you the clear, level-headed breakdown the headlines aren’t showing you.
684 episodes
Share
