Is a 50-Year Mortgage the Key to Homeownership or a Debt Trap?
In this episode of The Den, powered by the Lyons Group, hosts Ben Lyons, Paul Barry, and Shannon Martinez dive into one of the most hotly debated real estate trends emerging in the market: 50-year mortgages. Are they a strategic tool to increase affordability or a dangerous path to long-term financial strain? Backed by real-world numbers, personal experiences, and insights from over 400 million in real estate sales, this episode breaks it all down. Whether you're a first-time buyer, investor, or real estate professional, this conversation will challenge your thinking and expand your strategy toolkit.

KEY TAKEAWAYS:
• 50-year mortgages are being floated as a new affordability tool
• Most homeowners don’t keep their mortgage for the full term anyway
• Lower monthly payments could help entry-level buyers get in the game
• Real-life example comparing 15, 30, and 50-year mortgages
• Total interest paid on 50-year loans is significantly higher
• These long-term loans are best viewed as flexible tools, not long-term commitments
• Renting vs. building equity through ownership, even with minimal principal paid
• Portable mortgages are already in use in Canada and could hit the U.S.
• Down payments and closing costs remain the biggest barrier to ownership
• Strategic planning is key to using these tools wisely and avoiding future debt traps

BEST MOMENTS:

00:02:05. “Nobody ever really pays off a 30 year loan. So who cares about the back end of a 50 year?”
00:03:40. “50 year mortgage. You’re looking at a total monthly payment of $1,275.”
00:05:02. “The total interest paid on a 50 year mortgage would be $765,000.”
00:08:15. “Even if you don’t pay down a penny, market growth can still give you equity.”
00:13:09. “We don’t want people to necessarily pay 50 years, but use it as a tool to build wealth.”
00:17:50. “It’s the long game. That’s the idea with real estate and student loans too.”
00:21:00. “I would buy an investment property and pay on it like a 15, but with flexibility.”
00:24:38. “In Canada, you can move your current interest rate to a new asset. That’s wild.”

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