Trump’s 50-Year Mortgage Plan Sparks Debate Over Homeowner Wealth Building

US President Donald Trump's proposal for a 50-year mortgage term has ignited controversy among housing experts. The plan, aimed at reducing monthly payments, could cost homeowners an additional $360,000 in interest over the loan's lifespan—effectively stifling wealth accumulation.

Critics argue the extended term traps borrowers in a cycle of perpetual debt. "Homeowners WOULD never build wealth in their lifetime under this scheme," warned David Dworkin of the National Housing Conference. A $420,000 mortgage at 6.3% interest would see merely $236 in monthly savings while dramatically increasing total interest payments.

The housing market faces a paradox: affordability versus long-term financial health. As Lawrence Yun of the National Association of Realtors notes, "What appears as relief today becomes a lifetime financial burden tomorrow." The proposal remains conceptual, but its implications are already drawing sharp divisions in economic circles.