What's going on, everyone. Welcome to Real Talk, Real Estate. Mortgage Monday, I'm David Green,

joined by Christian Bachelder, The Loan Ranger. And today we're going to be talking about everybody's

favorite topic in lending, the 50-year mortgage. Christian, how are you today? I'm good. It's going to be

a good one to challenge a little bit about what you guys think of lending.

So I'm excited for this one.

Yeah, that's exactly right. Now, my guess is people have heard talk of it. They've probably heard more opinions on if the person who shared it likes it or doesn't like it as opposed to just subjective facts. And that's what we're going to share today. What we know about it, what we don't know about it, who it could be good for, and most importantly, what it's not.

Now, if you guys like this topic i highly

recommend you go check out the youtube video that christian i have on my channel the david green show

we get into this in depth for about an hour and 15 minutes answering questions from people sharing

all the details of it we possibly can.

Today's show will not be that deep because I don't know if you guys all want to spend an hour

and 15 minutes hearing about a 50 year mortgage, but we are going to cover some of the things

you should know. So let's start off here, Christian. First things first, is the 50 year mortgage

an actual loan option today? No, it is not. This is a conversation about a conversation.

It's just a, it's just, you know, outside of President Trump's little tweet where he put

him next to FDR with a 30 year mortgage right. I thought that was kind of funny.

This is just a topic of conversation that the combination of the U.S. government and Fannie Mae are

thinking about. This is not something I can quote you today. This is not something we know the

rates on. This is not something that you can get a quote on. This is a conversation about a

potentially to come conversation. Okay. Next thing. We have 30-year mortgages, but is a 30-year amortization period the only option you have if you want a fixed rate loan? No, yeah, good question. And it's funny, it may not be as well-known to a lot of people. Most people know about the 30, maybe the 15. What a lot of people don't know is you can actually have a lot of other options.

There's 20, there's 25 years. There's actually 10 year amortizations. Obviously, the shorter you go,

the higher your payment because you have less of a period of time in which you're paying off your loan.

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