President Trump’s proposal for a 50-year mortgage sparks debate, with critics like Kevin O’Leary calling it a financial trap. The average age for first-time homebuyers is 40, making a 50-year commitment risky. O’Leary warns that the interest paid over half a century could surpass the home’s value, resembling renting more than owning.

With the average home price at $512,800, experts advise against a 50-year mortgage, emphasizing the importance of exploring 15- or 30-year options with lower interest rates. Longer terms pose increased risks for lenders, potentially resulting in homeowners solely paying off the interest, not the principal. Shopping around for the best rate is recommended to secure substantial savings.

For those seeking real estate investments without the burden of a long mortgage, options like fractional ownership in rental properties through platforms like Mogul or Arrived offer monthly income and appreciation. First National Realty Partners allows investors access to commercial properties leased by national brands, requiring a minimum investment of $50,000 for entry.

Read more at Yahoo Finance: Kevin O’Leary blasts Trump’s 50-year mortgage idea. Warns you’ll be ‘friggin’ dead’ before it’s paid. Do this instead