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A 50-year mortgage makes sense … for some

Millie Muroi Economics Writer November 21, 2025 — 5.00am

Donald Trump is known for his crazy ideas, so when he floated the possibility of a new 50-year fixed mortgage, the uproar wasn’t entirely surprising … except the idea might not be as ludicrous as you think.

Instead of the maximum 30 years that borrowers typically choose as the time frame to pay off their loan, Trump’s idea would allow them to do it across 50 years.

A lot of people immediately recoil at the idea of being in debt longer. After all, if you bought a home at 35 years old (the average age of first home buyers in Australia) or 38 years old (the average age of first home buyers in the US), you would be at least 85 b

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