So Money with Farnoosh Torabi 1905: Ask Farnoosh: 50-Year Mortgage? Seriously?
Nov 14, 2025
Exploring the implications of a 50-year mortgage, Farnoosh reveals it's not the savings solution many think. She discusses employer-assisted down payment programs and how they can help homebuyers. Tips on helping children build wealth and smart strategies for splitting furniture costs when moving in together are also highlighted. Plus, there's a look at what to do with your pennies following the end of their production. It's all about making savvy financial choices!
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Calculate Lifetime Cost, Not Just Payments
- Do the full math: compare monthly savings to total interest paid over the loan's life.
- Avoid loans that 'outlive your career' and instead push for supply, wage, and policy fixes.
Why A 50-Year Mortgage Fails
- A 50-year mortgage lowers monthly payments but massively increases lifetime interest costs.
- Farnoosh warns it can more than double what you pay and isn't a real affordability solution.
Cash In Pennies Before They Phase Out
- Redeem penny jars at banks while you can by rolling or using coin machines.
- Repurpose leftover pennies creatively, but don't rely on future minting.