General Discussion

Totally Tunsie

(11,489 posts)

32. Heard about the same on CNN.

Tue Nov 11, 2025, 04:32 PM

Nov 11

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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Highlight:

'Sold POTUS a bill of goods': White House furious with Pulte over 50-year mortgage [View all] Yo_Mama_Been_Loggin Nov 11 OP

It only takes them seconds to find someone to blame leftstreet Nov 11 #1

This message was self-deleted by its author PeaceWave Nov 11 #2

Why not a 75 year mortgage while we're at it durablend Nov 11 #4

This message was self-deleted by its author PeaceWave Nov 11 #12

Yep. Generational Debt is what it is. Brenda Nov 11 #20

This message was self-deleted by its author PeaceWave Nov 11 #22

Case proven. nt Brenda Nov 11 #23

This message was self-deleted by its author PeaceWave Nov 11 #24

yes DBoon Nov 11 #37

In any case, IQ47 would not deserve to be lauded as FDR-like for allowing that to happen AZJonnie Nov 11 #10

This message was self-deleted by its author PeaceWave Nov 11 #13

As were lower interest rates, extended loan terms, trial periods and principal reductions. Torchlight Nov 11 #25

That plan also reduced rates to as low as 2% and included principal forbearance. nt pnwmom Nov 11 #29

Technically, I believe lenders can offer 50 year mortgages, but they would be "non-qualified mortgages". Jim__ Nov 11 #15

This message was self-deleted by its author PeaceWave Nov 11 #18

The longer the mortgage, the closer it is to renting whopis01 Nov 11 #35

Not an argument against offering such mortgages, but some caveats. Ilikepurple Nov 11 #38

FDR didn't start the 30 year mortgage. Congress authorized it in 1948 for new construction, rsdsharp Nov 11 #3

Lenders would get smoked on 50 year mortgages bucolic_frolic Nov 11 #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 11 #26

Someone posted on DU in the spring bucolic_frolic Nov 11 #28

Scam Thanksgiving dinner promos and now the 50 year mortgage. Baitball Blogger Nov 11 #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 11 #7

Pulte....Pulte...Pulte...now where have I heard that name before? hamsterjill Nov 11 #8

The current examples online: Paladin Nov 11 #9

Interesting Math There ProfessorGAC Nov 11 #14

No further detail. (nt) Paladin Nov 11 #16

Heard about the same on CNN. Totally Tunsie Nov 11 #32

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

The majority of 30 year mortgages never go that far A HERETIC I AM Nov 11 #17

This message was self-deleted by its author PeaceWave Nov 11 #19

The concept of a fifty-year mortgage isn't a new one, the idea has been around for a long time. SWBTATTReg Nov 11 #21

why aren't Dems running ads with that 50 year mortgage idea? BlueWaveNeverEnd Nov 11 #27

It's always been said that Dozing Donnie always listens to the last person in the room. Totally Tunsie Nov 11 #30

Pulte? the house builder pulte ? That fkg puke ? Fullduplexxx Nov 11 #31

WH admits Trump has no critical skills C_U_L8R Nov 11 #33

I can't Rebl2 Nov 11 #34

Lennar OC375 Nov 11 #36