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The Dave Ramsey mortgage plan encourages homeowners to aggressively pay off their mortgages early, however. One recommendation Ramsey makes is to convert your 30-year mortgage into a fixed-rate ...
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 ...
But if you’re not sitting on a mountain of money, Ramsey Solutions says the only home loan you should consider is a conventional, fixed-rate mortgage with a 15-year (or less) term. Your monthly ...
Ramsey was born in Antioch, Tennessee, to successful real estate agents and developers. [2] He attended Antioch High School where he played ice hockey. [citation needed] At age 18, Ramsey took the real estate exam [2] and began selling property, working through college at the University of Tennessee, Knoxville, [2] where he earned a Bachelor of Science degree in finance and real estate.
In a recent YouTube video, Dave Ramsey spoke with a caller about paying off his mortgage early. For context, the caller and her husband earn a combined total of $250,000 a year and owe $633,000 on...
Other experts push Ramsey’s mortgage payment ratio higher, ranging from 28% to 35%, but that would likely require you to have a more sizable income, or live in a more affordable city, or both ...
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