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To put this into perspective, Ramsey explains that if you take home $5,000 per month after taxes, according to his 25% rule, you should pay no more than $1,250 per month for a mortgage payment ...
When you’re ready, don’t spend more than 25% of your take-home pay on housing, and use a 15-year mortgage if possible. As Ramsey explains it, data shows that homeownership is a key part of ...
You could be doing everything Ramsey suggests — be debt-free, have three to six months of expenses saved in an emergency fund and have enough saved for a 20% down payment on a home — but still ...
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Dave Ramsey, the renowned financial guru, has long been a proponent of financial discipline and savvy money management. This can include paying off your mortgage early, but only under specific...
Ramsey suggested getting a 15-year, fixed-rate mortgage rather than a 30-year mortgage. The reason is that a shorter term can save you thousands of dollars in interest payments.
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