No offense but I don't see a way to pay a $2k mortgage with no income. Either you get another job or you don't.

All the other benefits (inflation on loan etc) are the same for a 30 year. But you get way more equity, so you actually get something for the money you're putting in. If you're planning on investing the difference in monthly payments, you may get some value out of the 50 year scheme, but it doesn't sound like that's the plan.

No offense but I don't see a way to pay a $2k mortgage with no income. Either you get another job or you don't.

All the other benefits (inflation on loan etc) are the same for a 30 year. But you get way more equity, so you actually get something for the money you're putting in. If you're planning on investing the difference in monthly payments, you may get some value out of it, but it doesn't sound like that's the plan.

No offense but I don't see a way to pay a $2k mortgage with no income. Either you get another job or you don't.

All the other benefits (inflation on loan etc) are the same for a 30 year. But you get way more equity. If you're planning on investing the difference in monthly payments, you may get some value out of it, but it doesn't sound like that's the plan.