Fox Business Host Slams Trump’s 50-Year Mortgage Plan: ‘Not the Way to Do This’
Charles Payne is not a fan of Trump’s proposed mortgage loan revamp.
Charles Payne, host of Fox Business’s “Making Money with Charles Payne,” believes President Donald Trump’s proposed 50-year mortgage repayment plan is a bad idea.
Payne, a former Wall Street analyst and host of “Making Money with Charles Payne,” was a guest on Fox News’ “America’s Newsroom” on Monday to share his opinion on Trump’s proposed mortgage repayment plan.
“I don’t like this idea,” Payne bluntly told his colleagues Bill Heimer and Dana Perino when asked if the plan would impact housing affordability.
Payne offered an example to illustrate how the idea, while seemingly appealing, is actually much more expensive in the long run.
He cited a $500,000 mortgage at a 4% interest rate, pointing out that a 30-year loan would cost about $2,300 a month, while a 50-year plan would cost about $1,900. While the monthly savings might make this option appealing, Payne emphasized that appearances can be deceiving.
“You save about $500 a month in terms of repayment capacity, but in the end, to pay off that defaulted loan (a 30-year loan), you’ll have paid $359,000. For a 50-year loan, you’ll pay close to $700,000,” Payne explained. “So there’s a huge difference, just to reassure people, and it’s not the right solution.”
He added, “I’d prefer President Trump use the tariff money for something else.” “
Payne’s criticism of the mortgage repayment plan comes after Bill Bolt, administrator of the Federal Housing Finance Agency, announced its implementation in a post on X on Saturday. Bolt, a Trump appointee, called the plan a “real revolution.”
Payne isn’t alone in his concern about the extended repayment plan, even among Trump’s most ardent supporters. Marjorie Taylor Green, a Trump supporter, wrote on X that the plan “will ultimately benefit the banks, the mortgage lenders, and the developers.”
I don’t like 50 year mortgages as the solution to the housing affordability crisis.
— Rep. Marjorie Taylor Greene🇺🇸 (@RepMTG) November 8, 2025
It will ultimately reward the banks, mortgage lenders. and home builders while people pay far more in interest over time and die before they ever pay off their home.
In debt forever, in debt for…
The Georgia congresswoman added, “Indebted for life!”
Right-wing commentator Matt Walsh responded on X, saying, “This simply means your house will remain the bank’s property until you die, and even beyond. We don’t need 50-year mortgages.”
Although Payne disagreed with the mortgage plan, he said he “firmly” believed the country was “on the cusp of an economic boom,” citing the benefits stemming from the Big Beautiful Bill, encouraging businesses to build locally, and a Federal Reserve better prepared for next year.
