{"id":370322,"date":"2025-11-11T00:12:12","date_gmt":"2025-11-11T00:12:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/370322\/"},"modified":"2025-11-11T00:12:12","modified_gmt":"2025-11-11T00:12:12","slug":"complete-game-changer-50-year-mortgage-option-proposed","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/370322\/","title":{"rendered":"‘Complete game changer’: 50-year mortgage option proposed"},"content":{"rendered":"\n

PHOENIX<\/strong> – The next time you sign up for a mortgage, you might be committing to a 50-year loan.\u00a0<\/p>\n

Federal Housing Finance Agency Director, William J. Pulte, called the president’s plan a “complete game changer,” but does it do the trick?<\/p>\n

What we know:<\/p>\n

With a 50-year mortgage, it will take a long, long time before the payments make a dent into the principal. But, if lower monthly payments are what you’re after, this could be the solution.<\/p>\n

When asked about the new proposal, many college students hoping for a bright future weighed in.\u00a0<\/p>\n

“I don’t know… it’s my dream,” student Nicole Macias said. “I don’t care if it’s really small, like a casita.”<\/p>\n

Nationally there’s a lot of reasons many are not buying homes, including high upfront costs, interest rates, and wages. Now, President Donald Trump has floated a 50-year mortgage as a way to bring buyers in.<\/p>\n

When presented with the trade-off\u2014a lot more interest for a lower monthly payment\u2014Macias replied, “Girl, bye.”<\/p>\n

The other side:<\/p>\n

While Pulte called it a game changer, many industry analysts disagree.<\/p>\n

Joel Berner, a Senior Economist at Realtor.com said it may not bring in more buyers.<\/p>\n

“I don’t think there are a ton of people who for the the difference between buying a home and not buying a home is the $200 a month they would save,” Berner said.<\/p>\n

Local perspective:<\/p>\n

At the state level, Sindy Ready, President of the Arizona Association of Realtors at her listing in the Meridian at Biltmore Estates \u2014 a two-bed, two-bath. Finding cheaper homes is just hard for a first time buyer, so a 50-year mortgage might help some.\u00a0<\/p>\n

“It could be an option and it could be a piece of the puzzle. It may not be the ultimate solution,” Ready said. “It\u2019s difficult for a first-time homebuyer or someone to get into that to look for a lower price point.”<\/p>\n

By the numbers:<\/p>\n

The preliminary numbers for a $400,000 mortgage show that interests rates can change, as can a down payment, but on average. you’d pay $230 \u00a0less a month. But in the end, you’d pay an extra $425,000 in interest.\u00a0<\/p>\n

“If you look at the numbers and you really want to sit down with a professional lender and take a look at those numbers… it’s really a small amount per month you’ll be saving.”\u00a0<\/p>\n

Berner believes the impact will be limited.\u00a0<\/p>\n

“The 50-year mortgage serves a very small sliver of the buying population. I think the effect would be really small,” Berner said.<\/p>\n

What we don’t know:<\/p>\n

What is not yet clear is the interest rate on a 50-year mortgage. Presumably, it would be higher than a 30-year loan, but by how much? If the interest is too high, it might wipe out any gains from a lower monthly payment.<\/p>\n

The Source:<\/b> This information was gathered by FOX 10’s Steve Nielsen who spoke with the President of the Arizona Association of Realtors and a senior economist at Realtor.com.<\/p>\n

Real Estate<\/a>Phoenix<\/a>News<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"PHOENIX – The next time you sign up for a mortgage, you might be committing to a 50-year…\n","protected":false},"author":3,"featured_media":370323,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5131],"tags":[5229,5643,1587,2436,1588,50,1589,4329,67,586,132,5230,68,2969],"class_list":{"0":"post-370322","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-phoenix","8":"tag-america","9":"tag-arizona","10":"tag-az","11":"tag-consumer","12":"tag-maricopa-county","13":"tag-news","14":"tag-phoenix","15":"tag-real-estate","16":"tag-united-states","17":"tag-united-states-of-america","18":"tag-unitedstates","19":"tag-unitedstatesofamerica","20":"tag-us","21":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115528174434204698","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/370322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=370322"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/370322\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/370323"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=370322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=370322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=370322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}