50 Year Mortgage, Hype or The Real Deal?
50 Year Mortgage, Hype or The Real Deal?
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The buzz around a 50-year mortgage has everyone talking, and it makes sense people want relief in a market where affordability feels stretched thin. But the real challenge isn't the length of the loan. Longer terms often come with higher rates, which cancel out the monthly savings people are hoping for, just like what we already see with 40-year mortgages. The bigger impact often comes from adjusting the hidden costs built into today's loans, like G-fees and loan-level price adjustments. Reducing those could make homes more affordable without locking buyers into decades of extra interest.
If you want clarity on what actually moves the needle for affordability and how these behind-the-scenes costs affect your monthly payment, reach out anytime. A short conversation can help you understand the smartest ways to navigate today's mortgage options with confidence.
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