>>520994440
Trump's plan will make your economic situation worse for very little benefit.
$200,000 house, 8% interest mortgage:

30 year mortgage -
$1467.53 monthly mortgage payment
360 payments
$217,718 total interest paid

50 year mortgage -
$1358.55 monthly mortgage payment
420 monthly payments
$235,813 total interest paid

Pro: You pay $100 less per month
Con: You give the bank $18,000 more in interest
Con:
Con: The bank owns your house an extra 20 years
Con: It's more expensive to take advantage of future interest rates that might be lower