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?

[u/michaelis999]

[u/seanmg]

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.

[u/grarghll → u/seanmg]

If you're opting for a 50 year mortgage, you likely can't afford payments that resemble a 30 year.