Chapter
Tips for Buying a Home
23:53 - 29:43 (05:50)
Make sure you have a fully funded emergency fund and that the mortgage payment doesn't eat up more than 25% of your monthly take-home pay on a 15-year fixed-rate mortgage in order to have financial freedom for other things like retirement and giving. Also, take advantage of negotiating the price of a home when interest rates are higher.
Clips
Despite the recent slowdown in the rate of home price increases, the housing market is not going to crash as long as demand continues to exceed supply.
23:53 - 25:40 (01:47)
Summary
Despite the recent slowdown in the rate of home price increases, the housing market is not going to crash as long as demand continues to exceed supply.
ChapterTips for Buying a Home
Episode2023 Real Estate Trends: Should You Buy a House Right Now? (Hour 1)
PodcastThe Ramsey Show
It's important to have a fully funded emergency fund and a down payment that won't take up more than 25% of your monthly take-home pay on a 15-year fixed-rate mortgage.
25:40 - 28:32 (02:51)
Summary
It's important to have a fully funded emergency fund and a down payment that won't take up more than 25% of your monthly take-home pay on a 15-year fixed-rate mortgage. The average mortgage rate increase led to a decrease in buyer demand.
ChapterTips for Buying a Home
Episode2023 Real Estate Trends: Should You Buy a House Right Now? (Hour 1)
PodcastThe Ramsey Show
George Campbell and Rachel Cruz co-host The Ramsey Show and dive into topics about personal finance, including homebuying and global money traditions, as well as the importance of understanding the metrics of your business with NetSuite by Oracle.
28:32 - 29:43 (01:11)
Summary
George Campbell and Rachel Cruz co-host The Ramsey Show and dive into topics about personal finance, including homebuying and global money traditions, as well as the importance of understanding the metrics of your business with NetSuite by Oracle.