The mortgage industry is starting to roll out something brand-new: the 50-year mortgage. Yeah — a half-century loan.
People are freaking out, confused, and trying to figure out if this is a blessing, a scam, or just another tool to survive high home prices.

Let’s break this down in plain English, with real numbers, real examples, and zero fluff.

 

What Is a 50-Year Mortgage?

A 50-year mortgage is exactly what it sounds like: a home loan stretched over 600 months instead of 360.

Why lenders are pushing it:

  • Home prices are high

  • Interest rates have been painful

  • Buyers need lower payments to qualify

A longer term = smaller monthly payments.
But you pay more interest over time — a lot more.

50-Year…

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​If you're seeking a reliable partner in navigating New Mexico's real estate landscape, look no further than NM Home Team. Based in Rio Rancho, NM, this family-owned brokerage has built a reputation for personalized service, deep local expertise, and a commitment to guiding clients through every step of the buying or selling process.​

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Founded by Alfonso "Fonz" Salazar and Desiree Salazar, NM Home Team is more than just a real estate agency—it's a family-driven team dedicated to helping clients find their perfect home. With a diverse group of agents, including Xavier Salazar and other seasoned professionals, the team brings a wealth of experience and a personalized touch to every transaction. ​

???? What We Offer

For Buyers:…

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Guide: How to Flip Houses in New Mexico

1. Identify the Right Market:

  • Research median home values and sales rates in areas like Albuquerque, Las Cruces, and Santa Fe.

2. Create a Budget:

  • Account for acquisition, renovation, taxes, insurance, utilities, realtor fees, and holding costs.

3. Secure Funding:

  • Explore funding options including traditional loans, private investors, and hard money lenders.

4. Property Acquisition:

  • Consider auctions, foreclosure listings, real estate websites, or local realtors for finding potential flips.

5. Renovations and Repairs:

  • Develop a detailed renovation plan with cost estimates and timelines.

  • Hire reputable contractors…

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Buying and Flipping Houses in New Mexico

Flipping houses in New Mexico offers promising opportunities due to the state's diverse real estate market, which ranges from urban areas like Albuquerque and Santa Fe to growing towns such as Las Cruces and Rio Rancho. The key to successful flipping involves identifying undervalued properties, accurately estimating renovation costs, understanding local market trends, and effectively managing your project timeline.

Steps to Flip a House Successfully:

  1. Market Research:

    • Study local housing market trends.

    • Identify high-demand neighborhoods.

  2. Property Selection:

    • Find undervalued or distressed properties.

    • Use foreclosure auctions, REOs, and direct…

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What is the best way to prepare to buy a house? This is What the Experts Say

If you’re hoping to buy a home this year and have been reading news articles on the market, you might be a bit confused on what you should do. Today’s real estate market is unpredictable. If you look at ten different real estate forecasts, it used to be that they all said pretty much the same thing. Now, every expert has differing opinions on where the market is heading.  But one thing the experts do agree on is that the best way to prepare to buy a house is to get preapproved for a mortgage. Let’s talk about why.

What is the best way to prepare to buy a house?

Even though the real estate market is slowing down and houses are taking longer to sell, that doesn’t mean…

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Is Now a Good Time to Buy a Home in Albuquerque and Rio Rancho, NM?

 The Albuquerque and Rio Rancho real estate markets have been active over the past few years, with fluctuating interest rates, increasing home prices, and a changing economic landscape. If you're considering buying a home in these areas, you might be wondering: Is now a good time to buy? Let’s take a closer look at market trends, mortgage rates, and local factors that could influence your decision.

 Current Market Trends in Albuquerque and Rio Rancho

The Albuquerque and Rio Rancho markets have remained strong due to steady demand and limited housing inventory. However, several key factors are shaping the buying landscape:

 1. Home Prices

 Home prices in both cities have…

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Want To Sell Your Home In 2025? Do These 5 Things Now

Selling a house is not an easy task, and if you want to sell your home in 2025 or if you have an investment property you'd like to unload, it doesn't hurt to get the ball rolling now. Once your home is on the market, you'll be busy trying to keep it super clean and adjusting routines to accommodate showings, which is stressful.  That's why taking care of some smaller yet very important things you need to do when selling your home ahead of time will lessen the load for you when it's really time to get moving.

So, let's take a look at 5 things you should now if you want to sell your home in 2025.

  1. Declutter

One of the biggest turnoffs for buyers is clutter, so if you want to sell…

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Top 5 Holiday Events in Albuquerque You Don't Want to Miss

'Tis the season for our southwestern city to transform into a winter wonderland full of fun and festive events. In true Albuquerque form, our holiday events blend the city's unique culture and history to create one-of-a-kind experiences. Whether you are a local or just visiting for the holidays, these top five events will put you in the holiday spirit.

 

River of Lights at ABQ BioPark Botanic Garden

The River of Lights is one of Albuquerque's most popular holiday traditions and the largest walk-through light display in New Mexico. Held at the ABQ BioPark Botanic Garden, this event features millions – yes, millions - of twinkling lights, incredible hand-welded sculptures, and over 700…

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Marketing Your Home for Sale – How Much Is Too Much?


As the real estate market continues to shift to one where buyers have more of the upper hand, the way you market your home for sale has become more important than ever. Years ago, your Realtor could snap a few pictures with their phone or digital camera, but now that house hunters expect tons of clear, detailed images, we Realtors have had to step it up.

Professional listing photographs have become pretty standard in the last decade in most real estate markets. But now, with technology advancing, new tools are being introduced to home buyers and sellers.  While some of them seem like great ideas, others could get you and your Realtor into some trouble. Let’s take a look at some of the…

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Home Renovations That Pay Off

There are dozens of reasons homeowners decide to renovate a space in their home, but for those of you who are renovating a house with resale in mind, this is for you. Since the average cost of a home renovation is just about $42,000, you want to make sure you're getting your money's worth. Let's take a look at the home renovations with the biggest ROI.

No Surprise Here – the Kitchen

It's not like this is news to anybody, but USA Today statistics show that kitchen remodels are the most popular.  As a Realtor, I can tell you with 100% certainty that kitchens sell homes. When a client is debating between two homes, the one with the better kitchen usually wins. Focusing on high-quality materials for your counters,…

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