In this episode, hosts Ed Averette and Terence Guess delve into the controversial topic of 50-year mortgages and their potential impacts on homebuyers and the housing market. They explore the pros and cons of extending mortgage terms, including the increased interest payments and the challenge of building equity. The discussion also touches on the idea of portable mortgages, which could allow homeowners to transfer their current interest rates to new properties. The hosts emphasize the importance of educational resources to help buyers make informed decisions and avoid long-term debt traps. They wrap up by reflecting on personal milestones, such as high school reunions and significant career decisions.
