The Ramsey Show Highlights Trump's 50-Year Mortgage (Dave Ramsey Responds)
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Dec 1, 2025 Dive into a critical analysis of Trump's controversial 50-year mortgage proposal. Dave Ramsey labels it a political stunt, revealing its minimal savings compared to traditional loans. He compares it to dubious promises on student loans and warns potential buyers about the risks of gaining little equity. The discussion emphasizes the pitfalls of long-term debt, drawing parallels to the 2008 crisis. Ramsey ultimately advises listeners to recognize the facade of financial relief this proposal presents.
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50-Year Mortgage Offers Small Savings
- A 50-year mortgage only reduces payments modestly compared with a 30-year mortgage, not drastically.
- Dave Ramsey emphasizes the math shows only about a 16% payment decrease, so it's misleading to call it a solution.
Don't Use Long Loans As Starter Plans
- Avoid using a 50-year mortgage as a long-term plan because you pay far more interest over time.
- Do not treat it as a starter loan you’ll stay in; aim to get out of debt as fast as possible.
Larry King Disagreement With Trump
- Dave Ramsey recounts arguing with Donald Trump on Larry King decades ago about getting out of debt.
- He notes he has met Trump several times and still likes him personally despite disagreeing on this policy stunt.