BREAKING: 50-year mortgages? Here’s what that would look like in CA 👇 • $900k purchase | 10% down • 30-yr all-in ≈ $6,200/mo • 50-yr ≈ $5,600/mo (save ≈ $600)… but add ~20 extra years about ~$900k more interest My move instead: spend ~$20k on a 2-point buydown to drop ~6.5% → ~5.5% and land around the same ~$5,600/mo—without tacking on 20 more years. If this product shows up, I’m passing. What about you—good idea or bad idea for housing? Follow SoCalMinh for mortgage real estate tips. #Mortgage
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