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So, not only should you borrow at one-fourth of your take-home pay, but you should also have a 15-year mortgage. What this means for most people is that the $1,000 mortgage payment gets you a lot ...
“You don’t want your payment to be more than a fourth of your take home pay on a 15-year mortgage.” Nary a week goes by without an expert chiming in to provide advice on the best time is to ...
Go With a 15-year Fixed-Rate Mortgage Ramsey suggested getting a 15-year, fixed-rate mortgage rather than a 30-year mortgage. The reason is that a shorter term can save you thousands of dollars in ...
The goal should be to allocate about 15% of your gross income toward good growth mutual funds that will help you save up enough to live your desired lifestyle in retirement. Donate Generously
Ramsey clarified that, if you're going to finance a home, aim for a 15-year mortgage with monthly payments that come to no more than one-fourth of your take-home pay.
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