NASHVILLE, Tenn. (WTVF) — President Trump has floated the idea of 50-year mortgages as a potential solution to housing affordability challenges.

It’s drawn support from many people, including Federal Housing Finance Agency Director Bill Pulte.

While this option could reduce monthly payments, a mortgage expert I heard from in Nashville warns it comes with significant long-term costs.

For the past five years, Christi Wedig has been helping people navigate the biggest purchase of their lives.

"My favorite part is to look at ways to create a solution to get people into a home," said Wedig, a loan originator for The Wedig Team with CMG Home Loans in Franklin.

Wedig said that on a typical Nashville mortgage loan amount for a $400,000 home, borrowers would see savings of about $250 per mon

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