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. ​

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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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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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Are You Waiting To Buy a Home Until After The Election? Here’s Why That’s Probably Not The Best Idea

Historically, the end of September through the beginning of October is the best time to buy a home.  That’s when the heat of the summer market cools down and right before the busy holiday season when inventory slows down. This year should be even better - if you haven’t heard, mortgage rates are the lowest in years.  As I write this, they are currently sitting at 5.5% for a 30-year FHA mortgage. Listing prices are also lower than they’ve been in a while. The trouble is that loan applications and pending home sales are also lower than usual.  Why? Housing Wire reports that as many as 40% of home buyers want to wait until after the election before…

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Biggest Homebuyer Regrets

 There's no such thing as a perfect house. Even if you have an unlimited budget or build your home from the ground up, there will eventually be something about it that is not perfect.  However, for the average homebuyer in New Mexico, buying a home can be an overwhelming process, and it's easy to get distracted.  Let's look at some of the most common regrets home buyers have after moving into their new homes.

They don't like the location

Sometimes, home buyers have to choose between amenities and location in order to find a home that fits their budget.  Buying a house further away from work or a child's school may not seem like the end of the world until they are stuck with a long commute 5 days a week.  Maybe the…

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5 Areas To Negotiate When Buying or Selling a Home

If you’ve bought or sold a home recently, you know that there are a lot of fees.  Many of these fees might come as a surprise and weren’t money you were planning to spend.  No matter what side of the table you’re on, you probably want to ensure you’re keeping as much of your hard-earned money as possible.  That’s why you shouldn’t be afraid to negotiate during a real estate transaction.  Let’s look at some areas to negotiate when you’re buying or selling a home.

Purchase Price

The most obvious area you can negotiate is the purchase price. We always look at comparable homes in the area to see how much they’ve sold for to see if the asking price for a particular house is reasonable. Depending…

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