President Donald Trump recently proposed the idea of creating a new 50-year mortgage as a way to improve housing affordability. And while Federal Housing Finance Agency Director Bill Pulte said it would be " a complete game changer ," others believe it could cost you more in the long run.

"All it means is you pay less per month. Pay it over a longer period of time. It's not like a big factor. It might help a little bit," Trump told Fox News' Laure Ingraham on Nov. 10.

This idea is being floated at a time when many potential homeowners are struggling to get into the market. Interest rates remain elevated, home prices are still on the rise and inventory is still well below pre-pandemic levels.

It's unclear at this point whether the plan, which would tie borrowers to debt for 20 addition

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