Buying Guidelines — Dave Ramsey Home

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

: Real-world costs include more than just the mortgage; standard maintenance typically runs 1% to 2% of the home's value annually. Perspectives on the "Ramsey Way" dave ramsey home buying guidelines

: Have a fully funded emergency fund covering 3–6 months of typical expenses. : Ramsey strictly recommends a 15-year fixed-rate mortgage

: For a family earning $200,000 combined, buying a $700,000 home using a 15-year mortgage at current rates often results in payments closer to 50% of take-home pay , double Ramsey's suggested limit. buying a $700

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