Dave Ramsey Home Buying Guidelines Here

: Ramsey strictly recommends a 15-year fixed-rate mortgage over a 30-year option to save hundreds of thousands in interest.

: Your total monthly housing payment (principal, interest, taxes, and insurance) should not exceed 25% of your take-home pay . dave ramsey home buying guidelines

: You should have zero consumer debt (credit cards, car loans, student loans) before buying. : Ramsey strictly recommends a 15-year fixed-rate mortgage

: Have a fully funded emergency fund covering 3–6 months of typical expenses. dave ramsey home buying guidelines

Dave Ramsey 's home-buying guidelines are built on a philosophy of extreme risk reduction and long-term "debt freedom". While conservative, they are designed to ensure your home remains a "blessing" rather than a financial burden. The Core Guidelines