Nolte: Trump’s 50-Year Mortgage Plan Is a Good Idea

President Donald Trump will propose a 50-year mortgage plan in the hopes of encouraging more people to buy homes.

“Thanks to President Trump, we are indeed working on The 50-year Mortgage – a complete game changer,” Federal Housing Finance Agency Director Bill Pulte announced Saturday on X.

First off, it is always-always-always better to own a home than to rent. If you rent for 50 years, you got nothing at the end of 50 years. If you pay into a mortgage for 50 years, you are at least purchasing something.

Then there’s the fact that you are not required to pay your mortgage off over 50 years. Some mortgages come with early payment penalties…

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