The Downsides of Getting a 50-Year Mortgage

A new idea is catching attention in the housing world: 50-year mortgages. By stretching out loan terms, monthly payments shrink, but so could your ability to build wealth. Before you consider a loan that lasts this long, let's talk about the 50-year mortgage's hidden costs and long-term impact on your finances. Smaller payments don’t always mean a smarter mortgage. Check out my video to know more.

Learn more: https://dadof8talksre.com/the-downsid...

Timestamps:
00:00 — Introduction
00:46 — Lower payments, higher prices
01:13 — Changes wealth-building
01:38 — Risky lending practices
02:09 — Market timing
02:36 — Let’s talk

#TeamDadof8 #50YearMortgage #LongTermLoans

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Jorge Gonzalez and his “Team Dad of Eight" will help you sell your home in a way that accomplishes your personal and financial goals by making the best use of technology to create massive market exposure and secure the highest price and best terms for the sale of your home in the shortest possible time.

Jorge Gonzalez, Broker-Associate
Team Dad of Eight
Keller Williams Realty Premier Properties
Office: 305-239-8939 | Cell: 305-898-6224
DadOf8RealEstate.com
Jorge@DadOf8RealEstate.com
11420 N Kendall Drive Suite 207 Miami, FL 33176