General Discussion

Totally Tunsie

(11,861 posts)

32. Heard about the same on CNN.

Tue Nov 11, 2025, 05:32 PM

Nov 2025

My post earlier today:
https://www.democraticunderground.com/?com=view_post&forum=1002&pid=20795713

Reply to Liberal In Texas (Original post)
Tue Nov 11, 2025, 12:39 PM

It was mentioned last night on CNN that a 50-year mortgage
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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'Sold POTUS a bill of goods': White House furious with Pulte over 50-year mortgage [View all] Yo_Mama_Been_Loggin Nov 2025 OP

It only takes them seconds to find someone to blame leftstreet Nov 2025 #1

This message was self-deleted by its author PeaceWave Nov 2025 #2

Why not a 75 year mortgage while we're at it durablend Nov 2025 #4

This message was self-deleted by its author PeaceWave Nov 2025 #12

Yep. Generational Debt is what it is. Brenda Nov 2025 #20

This message was self-deleted by its author PeaceWave Nov 2025 #22

Case proven. nt Brenda Nov 2025 #23

This message was self-deleted by its author PeaceWave Nov 2025 #24

yes DBoon Nov 2025 #37

In any case, IQ47 would not deserve to be lauded as FDR-like for allowing that to happen AZJonnie Nov 2025 #10

This message was self-deleted by its author PeaceWave Nov 2025 #13

As were lower interest rates, extended loan terms, trial periods and principal reductions. Torchlight Nov 2025 #25

That plan also reduced rates to as low as 2% and included principal forbearance. nt pnwmom Nov 2025 #29

Technically, I believe lenders can offer 50 year mortgages, but they would be "non-qualified mortgages". Jim__ Nov 2025 #15

This message was self-deleted by its author PeaceWave Nov 2025 #18

The longer the mortgage, the closer it is to renting whopis01 Nov 2025 #35

Not an argument against offering such mortgages, but some caveats. Ilikepurple Nov 2025 #38

FDR didn't start the 30 year mortgage. Congress authorized it in 1948 for new construction, rsdsharp Nov 2025 #3

Lenders would get smoked on 50 year mortgages bucolic_frolic Nov 2025 #5

I'm seeing a lot of shoddy construction in Florida, a lot of the crap being built today won't last 50 years. sop Nov 2025 #26

Someone posted on DU in the spring bucolic_frolic Nov 2025 #28

Scam Thanksgiving dinner promos and now the 50 year mortgage. Baitball Blogger Nov 2025 #6

This narrative is openly saying that Donnie is stupid & easily manipulated. He is, but it's amusing to see them admit it themaguffin Nov 2025 #7

Pulte....Pulte...Pulte...now where have I heard that name before? hamsterjill Nov 2025 #8

The current examples online: Paladin Nov 2025 #9

Interesting Math There ProfessorGAC Nov 2025 #14

No further detail. (nt) Paladin Nov 2025 #16

Heard about the same on CNN. Totally Tunsie Nov 2025 #32

Pulte isn't a friend. Isnt he the one who set up the 2 women (can't remember names) Srkdqltr Nov 2025 #11

The majority of 30 year mortgages never go that far A HERETIC I AM Nov 2025 #17

This message was self-deleted by its author PeaceWave Nov 2025 #19

The concept of a fifty-year mortgage isn't a new one, the idea has been around for a long time. SWBTATTReg Nov 2025 #21

why aren't Dems running ads with that 50 year mortgage idea? BlueWaveNeverEnd Nov 2025 #27

It's always been said that Dozing Donnie always listens to the last person in the room. Totally Tunsie Nov 2025 #30

Pulte? the house builder pulte ? That fkg puke ? Fullduplexxx Nov 2025 #31

WH admits Trump has no critical skills C_U_L8R Nov 2025 #33

I can't Rebl2 Nov 2025 #34

Lennar OC375 Nov 2025 #36