The Charlie Kirk Show 50-Year Mortgages: Good Idea, or Bad Idea?
Nov 10, 2025
Sen. Markwayne Mullin, a U.S. Senator from Oklahoma, joins to unpack the complexities of government shutdown negotiations and the political outcomes that shape funding strategies. The discussion pivots to President Trump's proposed 50-year mortgage plan, igniting a debate on its potential to tackle the home affordability crisis. Mullin elaborates on why some view long mortgages as a band-aid rather than a solution and addresses the implications for first-time buyers. The episode addresses generational economic challenges and the role of home ownership in civic engagement.
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50-Year Loans Increase Lifetime Interest
- A 50-year mortgage shifts affordability by stretching payments but dramatically increases total interest costs.
- Andrew Colvin and Blake Neff warn it can double interest paid and feel like perpetual renting for many buyers.
Longer Terms Help Only With Low Rates
- At current rates a $500k home with a 50-year loan can cost far more in interest than a 30-year loan.
- Blake Neff notes longer terms can help if paired with low fixed rates or eventual refinancing.
Use Long Mortgages As A Strategic Option
- Treat a 50-year mortgage as an optional tool, not a default solution; choose only if it improves your financial plan.
- Consider refinancing later or making extra payments to shorten the effective term.