President Trumps just posted this

[Sheguina Dravk]

50 YEAR MORTGAGE

Is this an investors dream? Good idea or not a good idea?

[Chris Seveney]

Quote from @Sheguina Dravk:

50 YEAR MORTGAGE

Is this an investors dream? Good idea or not a good idea?

not going to make that big of a difference, it will hurt those who use it as you will be locked into your home for a decade unless you use a very big downpayment. It would take 7+ years to pay down $10k in principal on a 400k loan at 6.75%. Assuming these loans are 50bps higher, a $400k mortgage at 6.75 would be 2,330.50 per year in payment where as a 30 year mortgage would be 2,463. a 7 year ARM at 5.75% would be the same as a 50 year mortgage but it would take 21 months to pay down 10k....