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So, as Ramsey said, if you must borrow, and most of us must, your goal should be to keep the mortgage below one-fourth of your take-home pay. That means if you bring home $4,000 each month, your ...
According to The Motley Fool, if you make $50,000 a year, and you live in the pricey state of California, you might think that means you can afford to pay $1,041 per month on a mortgage (though ...
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Being able to afford a home in today's housing market can be a challenge. According to Zillow data, the median home value is $348,853, a 1.2% increase from last year. Not only that, but mortgage...
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.
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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