50-Year Mortgage: Crazy Idea or Financial Savior? | Pros & Cons Explained

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President Trump floated the idea of 50-year mortgages, sparking debate! Is it a good idea, or a debt trap? We break down the pros and cons:
Lower monthly payments: Could make homeownership more accessible.
Higher interest: You'll pay significantly more over the life of the loan.
Equity building: Slower equity growth, increasing risk of being underwater.
Refinancing: Most people refinance or move before the mortgage term ends.
Market impact: Could it worsen affordability without more housing supply?
We also explore the US mortgage market's quirks, government involvement, and the impact of fixed-rate mortgages on the economy. Should you consider an adjustable-rate mortgage instead? Find out!
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