What does Dave Ramsey say about mortgage?

How Much House Does Dave Ramsey Say I Can Afford? For decades, Dave Ramsey has told radio listeners to follow the 25\% rule when buying a house—remember, that means never buy a house with a monthly mortgage that’s more than 25\% of your monthly take-home pay.

Which mortgage lender does Dave Ramsey recommend?

Churchill Mortgage
That’s right—RamseyTrusted. And it’s a big deal. It means that Churchill Mortgage is the only mortgage provider trusted by real estate expert Dave Ramsey and the Ramsey team.

Why does Dave Ramsey say VA loans are bad?

A VA loan usually isn’t worth it in the long run. The main reason is because people mostly get them to skip saving for a down payment. A low or no down payment makes your loan tens of thousands of dollars more expensive—and that can lead to all sorts of money problems down the road. We don’t want that for you.

What kind of mortgage does Dave Ramsey recommend?

fixed-rate conventional loan
A: Dave Ramsey recommends a 15-year, fixed-rate conventional loan. A conventional loan is not secured by a government agency, making it a little trickier to qualify if you don’t have a credit score.

What does Dave Ramsey say about paying off debt?

Pay off your debt and avoid future debt like the plague, he says. He also suggests you pay cash for everything and save a large percentage of your income. Meanwhile, Ramsey stresses the importance of avoiding the trappings of consumerism and forging your own path. With advice like this on the table, what’s not to like?

Should you follow Ramsey’s advice on credit cards?

Ramsey’s advice on credit cards is respectable. Those who have struggled with overspending and credit card debt in the past would do well to heed it, and those who are new to credit cards should be aware of it. But millions of Americans practice responsible credit card use and enjoy rewards and perks without sacrificing their financial well-being.

What is Dave Ramsey’s Financial Peace University program?

Personal finance guru Dave Ramsey has long had a cult-like following, and it’s easy to see why. Through his website, radio show, and Financial Peace University program, he preaches an array of strategies that improve lives and help people build wealth. Pay off your debt and avoid future debt like the plague, he says.