Dave Ramsey says it's time to buy a house; mortgage rates decline

Ramsey first advises people considering the big decision to keep in mind that it’s not for everybody all the time.

“Ever heard someone say everyone should buy a house? Or that renting is a lot like flushing a whole bunch of money down the toilet every month?” he asked on Ramsey Solutions. “Yeah, we’ve heard that stuff too. And it’s nonsense! The truth is, not everyone should buy a house.”

The bestselling author is not being pessimistic. But he is setting up the financial reality for people who want to purchase a home. And now may well be the time to do it.

“If you sign the dotted line on a new home when you aren’t prepared financially and emotionally, the house will wind up being a curse instead of a blessing,” Ramsey suggested. “It will wind up owning you instead of the other way around. When you are prepared to buy a house, though, it can be a wonderful blessing for your family and a great way to build wealth.”

Ramsey offered a list of the critical things to consider when making the determination that the major financial opportunity is in order.

for more information Dave Ramsey says it’s time to buy a house; mortgage rates decline – TheStreet

Posted on 12/07/2023 in Uncategorized # deep creek, deep creek lake, garrett county, maryland, mountain maryland, western maryland