video1.0<iframe src="https://www.loom.com/embed/78015b1ac8c0470da7faaaa45efa8afa" frameborder="0" width="2560" height="1920" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>19202560Loomhttps://www.loom.com19202560https://cdn.loom.com/sessions/thumbnails/78015b1ac8c0470da7faaaa45efa8afa-f9f98a47128364fb-full.jpg303.166666In this video, I discuss the implications of a proposed 50-year mortgage and how it can affect your financial health. While a lower monthly payment of $3,833 compared to $4,298 for a 30-year mortgage may seem appealing, the total interest cost skyrockets to $1.62 million over 50 years versus $867,000 over 30 years, resulting in an additional $752,000 in interest. I emphasize the importance of understanding the long-term impact of such loans and encourage you to consider your options carefully. If you're interested in running the numbers or exploring realistic payment strategies, visit my site at SantaClaritaOpenHouses.com or book a consultation with me at zoommeascv.com. Be sure to weigh the costs before making any decisions!