50-Year Mortgage: Lower Payments or Lifetime Debt?

In this episode, we sat down with Christopher Tapia, Principal of Tapia Group by Compass Real Estate, to discuss the 50-year mortgage and how it could affect home affordability, foreclosure risk, and the 2026 real estate market.

Learn whether a 50-year mortgage is a real solution or just a temporary band-aid for rising interest rates and housing costs.

We discuss who benefits most: first-time home buyers, distressed homeowners, and investors, and the long-term risks you must know.

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Transcript

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the reason why the 50 year mortgage is so important is because if a distressed borrower don't wanna lose their property by refinancing with a 50 year mortgage that's gonna reduce the monthly payment which is gonna release them from that stress hey everyone I'm Tim Jones with foreclosure.com Today I'm joined with Christopher Tapia here at the compass headquarters in Boca Raton Florida Christopher thank you so much for having us here to debate for coming today we're gonna be talking about the 50 year mortgage and how it's gonna affect the 2026 a real estate market absolutely so Chris let's jump right in okay get it on so what is the real motivation behind governments and lenders exploring a 50 year mortgage is this a solution or just a band aid I think it has both factors it will it is absolutely a solution and it's also a Band aid so for the government to start promoting the 15th year mortgage it would be a fantastic idea because a lot of borrowers today uh they really can't afford uh the mortgage payments anymore because interest rates going up taxes are going up so really can't afford it so if the government allows for a 50 year mortgage that will absolutely help so many individuals being able to afford and have the American dream by home by owning a home okay yeah and then as a band aid how would you see it I will leave as a band aid for right now until rates come down if somebody's if somebody right now is currently in a about to go into foreclosure or just start missing payments and they need something to reduce their monthly payments this is when they refinance the mortgage they get a 50 year mortgage on the property and then that will reduce their monthly payments hence helping them the risk of foreclosure okay that's great so so who would a 50 year mortgage actually help would it be the first time home buyer a potential investor or those in financial distress most most and again two factors here would be your your your your first time home buyer or your primary primary resident borrower or a distress borrower the reason why the 50 year mortgage is so important is because if a distress borrower needs to you know don't want to lose their property by refinancing with a 50 year mortgage that's gonna reduce the monthly payment which is gonna release them from that stress give them some more monthly cash flow as a primary resident borrower that already has a current a property already and they want to purchase another property but their payments wanna be lowered so this is why they would get a 50 year mortgage on the properties and the payments will be lower so they can purchase the new property now first time home buyers absolutely leave for right now because research is so high everything is so high first time home owners can't take advantage of the 50 year mortgage payment mortgage program because their mortgage payments will be substantially lower got it okay so do long term mortgages like the 50 year mortgage increase foreclosure activity by keeping borrowers in debt longer with slower equity growth uh they will in and again two factors it could increase the the the possibility of them losing the property if they don't start to pay off the principles on it uh principal payments on the property because if they do a 50 year mortgage most of the payment is interest this is just a band aid until until rates come down to a point where you can refinance the property that way they'll be able to continue to keep making those payments and be able to afford it okay yeah okay great so so would a 50 year mortgage increase affordability or simply push home prices even higher across the country affordability for sure and since people will be able to afford the payment the sellers may increase the values of the homes higher yeah because there's more than that simply only afford to purchase a property it's just that you know a 30 year mortgage you put a 50 year mortgage it's like saying a monthly payment being 3,000 or 25 a month this is that's the difference is you give or take between 20 to 25% difference in payments when we're dealing with a 50 year compared to a 30 for today unless you have anything else you want to mention to the audience well I just want to say if you have any questions or any concerns you can always reach out to us my name is Christopher Tapia I'm one of the principals of Tapia Group by compass you can reach me at 5 6 1 3 0 5 6 7 9 4 you can also send me an email at Chris dot Tapia which is t a p I a at compass dot com and we'll be gladly to help you please reach out to Chris if you're interested in looking at distressed properties please feel free to sign up to our free foreclosure alerts at foreclosure.com until next time I'm Tim Jones and thank you for watching thank you