Nov 16 • General discussion
50 year mortgage
There’s a lot of buzz right now about the newly introduced 50-year mortgage option, and agents are already getting questions from curious buyers. Let’s break it down together.
✅ Potential Benefits
- Lower monthly payments due to the extended amortization period
- Increased affordability for buyers who feel priced out of the market
- More flexibility for clients needing extra room in their monthly budget
⚠️ Potential Drawbacks
- Significantly more interest paid over the life of the loan
- Slower equity building, which may impact long-term wealth
- Possible resale challenges if rates or guidelines shift
🧩 How Agents Can Talk About It With Clients
When clients ask about this mortgage option, position yourself as a guide—not a lender.
Try language like:
- “It can be a tool for affordability, but it’s important to weigh the long-term cost.”
- “Let’s explore how it compares to a 30- or 40-year term so you can make an informed decision.”
- “I’m not a lender, but I can connect you with someone who’ll break down the numbers based on your goals.”
Encourage clients to look at total interest, future plans, and equity timelines, not just the payment amount.
What do you think about the 50 year mortgage?
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50 year mortgage
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