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Totally Tunsie

(11,436 posts)

5. It was mentioned last night on CNN that a 50-year mortgage

Reply to Liberal In Texas (Original post)

Tue Nov 11, 2025, 12:39 PM

Tuesday

could lower a borrower's monthly payment by $200. YAY!

Wonderful, eh?

HOWEVER...
By extending a 30-year mortgage out to 50 years, it would add a projected $320,000 to the amount to be repaid! And yet, you can be sure that there will be bozos out there that won't put pencil to paper to learn the Facts, Man, Facts. Just like any other Dozing Donnie plan, the only ones it helps are the big banks/big business.

DD never does anything to help the "little guy"

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BeerBarrelPolka

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Highlight:

Now you can get a 15 Year Car Loan...to go with your 50 year mortgage [View all] Liberal In Texas Tuesday OP

I'd like to go tell him where he can go shove his stupid tariffs! Initech Tuesday #1

Where are the $2k checks? leftstreet Tuesday #2

I thought 7 year car loans were ridiculous. MineralMan Tuesday #3

I took out a 5 year loan on my car and I'm literally 1 payment away from finishing it. Initech Tuesday #4

Most cars are junked before 15 years. MineralMan Tuesday #7

Totally agree! Initech Tuesday #9

It was mentioned last night on CNN that a 50-year mortgage Totally Tunsie Tuesday #5

They don't want you owning anything durablend Tuesday #11

"Mortgage on the car, mortgage on the car..." Ramble Tamble by Creedence Clearwater Revival RedWhiteBlueIsRacist Tuesday #6

Why not just literally shackle us? The Madcap Tuesday #8

The libertarian trolls have glommed on to this like no other issue since vaccines Prairie Gates Tuesday #10

You can pass your mortgage on to your doc03 Tuesday #12

Maybe for that 1969 Mustang Boss 429 flvegan Tuesday #13

MaddowBlog-The Trump White House throws its support behind new, 50-year mortgages LetMyPeopleVote Tuesday #14