COLLEGE STATION, Texas (KBTX) - The Trump administration proposed a 50-year mortgage, which could impact first-time buyers.

In 2024, around 76% of Americans said housing affordability is a growing problem, and the administration created a plan to tackle this crisis. Experts said that with this plan, the amount of interest buyers pay can outweigh upfront savings.

The 50-year mortgage proposal can impact new buyers in the long run. (KBTX)

Jennifer Bacak, a realtor at Coldwell Banker Apex, said that while lower monthly payments could help buyers enter the market, in the long run, they will pay more.

“People will not see the end of the life of their loan, and they will pay so much more in interest – like I said, they are going to be underwater, they’re going to be upside down,” Bacak exp

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