DO NOT Get a 15 Year Mortgage: Here's Why
Time to critique Dave Ramsey and his belief that home buyers should only get a 15 year mortgage. Every time the Subscribe and Like button gets smashed, I'll put more time into making these videos.
_ _ _ _ _ _ _ _ _ _ _
DO NOT Get a 15 Year Mortgage: Here's Why
Is getting a 15 year or 30 year mortgage better? Is it riskier to have a 15 year mortgage or a 30 year mortgage?
I answer these questions in today's video.
Dave Ramsey preaches that home buyers should only buy a home if they can afford a 15 year mortgage and the payments are less than one quarter of their take home pay.
I disagree completely...
Dave Ramsey tries to fit everyone into his box of extreme qualifications. Not only does this criteria not apply to most home buyers, but he also doesn't consider all of the people buying a home that make a lot of money through their purchase and don't follow his criteria.
Here are a couple scenarios where people purchase a property and make money:
Buying a multi family 2-4 unit apartment and living in one of the units
House hacking by buying a house with extra bedrooms and renting the rooms out
Buying a house that needs rehab work which leads to a lot of equity
---------- POPULAR VIDEOS ----------
★ From $0 to $4,500 a Month in Income ★
↪ https://www.youtube.com/watch?v=wp3ogxvDZQY
★ From $4,500 to $7,000 a Month in Income ★
↪ https://www.youtube.com/watch?v=MLCPhSLUbKM
★ From $7,000 to $10,000 a Month in Income ★
↪ https://www.youtube.com/watch?v=SBb9VFkaA
★ How I Went From $0 to $100k Net Worth in Under 3 Years ★
↪ https://www.youtube.com/watch?v=eYy1BN4iGBA
---------- MY BOOK LIST ----------
https://docs.google.com/spreadsheets/d/15l6h6y87CVpZwtvPtgVtv37xKhCujiYcBsqDiM4zzNo/edit?usp=sharing
Tags:
mortgage,mortgages,real estate investing,15 year mortgage,15 year mortgage vs 30 year mortgage,15 year mortgage dave ramsey,dave ramsey,dave ramsey rant,dave ramsey show,mortgage rates,mortgage coach,should i get a 15 year mortgage,30 year vs 15 year mortgage,30 year vs 15 year mortgage dave ramsey,dave ramsey 30 year mortgage,dave ramsey 30 year or 15 year mortgage,real estate,buying real estate,buying a home,buying a house,how to buy a house,home buying
-
18:18
Spencer Cornelia
9 months agoI Helped SHUT DOWN a $108 Million Pyramid Scheme
3.17K2 -
1:39
Maicy Renee
20 hours agoYou Know What Day It Is!
10.4K2 -
7:00
thehomemender
18 hours agoHow to replace bathroom exhaust fan, easy! The Home Mender
8.44K2 -
22:34
The Bitcoin Family
1 day agoIS THE BITCOIN BULL MARKET OVER??? WATCH ASAP!!!
9.41K3 -
13:31
ROSE UNPLUGGED
11 hours agoCharlie Kirk: How to Beat the Woke and Save the West
16.3K70 -
11:09
Adam Does Movies
16 hours ago $0.03 earnedThe Acolyte Episode 2 - The Jedi Are INCREDIBLY STUPID! - Spoilers!
42.5K24 -
7:49
America Uncovered
15 hours ago $0.11 earnedSupreme Court Rules on Bump Stock Ban
28K37 -
58:59
Clownfish TV
20 hours agoBlack Myth: Wukong BLACKMAIL?! More Game Industry Layoffs! | CTRL+STREAM+DEL Livestream #06
32.7K5 -
15:24
TENET Media
20 hours ago $0.25 earnedMorals Vs Principles | Tim Pool
37.8K37 -
12:56
Melonie Mac
18 hours agoA New Low for Star Wars the Acolyte
21.2K28