Charles Payne

Real Story Behind Russiagate Subpoenas, 50-Year Mortgage Backlash, Letitia Drama: AM Update 11/12

I do not like this idea.

Real Story Behind Russiagate Subpoenas, 50-Year Mortgage Backlash, Letitia Drama: AM Update 11/12

And again, it depends on how much the house costs and what.

Real Story Behind Russiagate Subpoenas, 50-Year Mortgage Backlash, Letitia Drama: AM Update 11/12

But if you just took a 4% interest rate, for a 30-year it would be $2,300, for a 50-year it would be $1,900.

Real Story Behind Russiagate Subpoenas, 50-Year Mortgage Backlash, Letitia Drama: AM Update 11/12

So you're saving almost $500 a month in terms of affordability.

Real Story Behind Russiagate Subpoenas, 50-Year Mortgage Backlash, Letitia Drama: AM Update 11/12

But by the time you finish paying this bad boy off, the 30-year, you pay $359,000 versus a 50-year, almost $700,000, right?

Real Story Behind Russiagate Subpoenas, 50-Year Mortgage Backlash, Letitia Drama: AM Update 11/12

Oh, wow.

Real Story Behind Russiagate Subpoenas, 50-Year Mortgage Backlash, Letitia Drama: AM Update 11/12

It's just a gargantuan difference just to make people feel better.

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