mortgage simple definition: I Can't Afford A 15 Year Mortgage!

I Can't Afford A 15 Year Mortgage!

I Can't Afford A 15 Year Mortgage!. Why a 15 year mortgage is better than a 30 year mortgage in most cases.

I Can't Afford A 15 Year Mortgage! video duration 3 Minute(s) 46 Second(s), published by The Dave Ramsey Show on 10 05 2018 - 15:30:00.

Millions of Americans are in mortgages they can't afford
Dave Ramsey always recommends a 15-year fixed rate mortgage
To get a loan or refinance, use his http://www.mrgloan.com/ (937) 890-8725 Mortgage Resource Group Vandalia Jeff went above and beyond during our loan process to make sure everything was .

Dan and Dean finish off the show with the debate about getting a 30-year vs
a 15-year loan
Most people opt for a 30-year note because of the cash flow and Like what you hear? This is a clip from our podcast geared around building financial freedom without the risks of Wall Street
Check out the show at the link Which mortgage is better as far as RISK, TAXES, and PROFITABILITY? The 2 most common mortgages in our country are the 30 year-fixed and the 15-year fixed .

Millions of Americans are in mortgages they can’t afford. Dave Ramsey always recommends a 15-year fixed rate mortgage. To get a loan or refinance, use his trusted experts: https://www.daveramsey.com/recommends/mortgage-loans

In this video, Dave Ramsey answers Robert’s question, “If you live in a large metropolitan area like southern California, how can you afford a 15 year mortgage?”

Dave tells Robert that even though he has his 3-6 month emergency fund saved, he should only look for a home that’s no more than 25% of his take home pay. If he can’t afford the payment on a 15 year term then he needs to move. People who have a house payment that is more than 30% of their take home pay have a hard time prospering financially. Robert should consider living in a more affordable area nearby with a commute, or moving to a different area that will allow him the right payment so that he can save and invest. You shouldn’t let the house own you.

If you are curious about what you can afford, and what loan options are available to you, Dave has worked with the pros at Churchill Mortgage for over 20 years: https://www.daveramsey.com/recommends/mortgage-loans

Other helpful resources to determine the housing portion of your budget:
Mortgage Calculator: https://www.daveramsey.com/mortgage-calculator
Mortgage Payoff Calculator: https://www.daveramsey.com/mortgage-payoff-calculator

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