Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Prediction
Topic
Status
A borrower with a 50-year mortgage on a $415,200 home (with 10% down and 6.17% interest) will still owe $386,000 after 30 years of payments.
"after 30 years of payments, a 50-year borrower was still owed $386,000."
N/A
Pending
A 50-year mortgage taken in 2025 will have a payoff date in 2075.
"your mortgage payoff dates is going to be the year 2075."
N/A
Pending
The introduction of 50-year mortgages will cause home prices to increase.
"It actually makes home prices go up."
N/A
Pending
The introduction of 50-year mortgages could instantly bring back bidding wars in the housing market.
"this could bring back the bidding wars instantly."
N/A
Pending
A $450,000 loan with a 50-year mortgage at 6.75% interest will result in over $1.1 million in total interest paid.
"With a 50-year mortgage, look at that number. Over a million. 1,114,33 in interest."
N/A
Pending
For 50-year mortgages to exist, major laws and regulations must change, requiring Congress and FHFA involvement, redesign of mortgage-backed securities, and investor willingness to buy 50-year mortgage bonds.
"major laws and regulations must change. So, that would be a huge undertaking. Like, Congress would have to get involved. FHFA, they would have to rewrite rules and mortgage back securities would have to be redesigned, basically. And investors, of course, they're going to have to be willing to buy 50-year mortgage bonds."
N/A
Pending