Comments on: Dave Ramsey’s Financial Peace University: Week 12 – Real Estate and Mortgages http://www.biblemoneymatters.com/2008/08/dave-ramseys-financial-peace-university-week-12-real-estate-and-mortgages.html Finances transformed by faith Sat, 21 Nov 2009 05:12:43 -0800 http://wordpress.org/?v=abc hourly 1 By: Joel McElrath http://www.biblemoneymatters.com/2008/08/dave-ramseys-financial-peace-university-week-12-real-estate-and-mortgages.html/comment-page-1#comment-4059 Joel McElrath Sun, 28 Dec 2008 21:42:24 +0000 http://www.biblemoneymatters.com/?p=854#comment-4059 If you get a 30 year mortgage, you can always pay it off in 15 years. If you get a 15 year mortgage and for some reason (like a job change or emergency expenses) are unable to meet the payments, your credit will may be ruined. If you get a 30 year mortgage, the payments will be lower. Invest the difference at a rate higher than your mortgage and you will be ahead. (Yes, most index funds pay more than your mortgage rate). Beware Mr. Ramsey. He thinks we are all stupid enough to make him rich. If you get a 30 year mortgage, you can always pay it off in 15 years. If you get a 15 year mortgage and for some reason (like a job change or emergency expenses) are unable to meet the payments, your credit will may be ruined. If you get a 30 year mortgage, the payments will be lower. Invest the difference at a rate higher than your mortgage and you will be ahead. (Yes, most index funds pay more than your mortgage rate). Beware Mr. Ramsey. He thinks we are all stupid enough to make him rich.

]]> By: Money Hacks Carnival #27 at Personal Finance Buzz | Money Hackers Network http://www.biblemoneymatters.com/2008/08/dave-ramseys-financial-peace-university-week-12-real-estate-and-mortgages.html/comment-page-1#comment-1665 Money Hacks Carnival #27 at Personal Finance Buzz | Money Hackers Network Thu, 28 Aug 2008 14:14:34 +0000 http://www.biblemoneymatters.com/?p=854#comment-1665 [...] Real Estate and Mortgages: Tips for selling or buying a house at Bible Money Matters — Pete shares his experience with Dave Ramsey’s Financial Peace University. [...]

[...] Real Estate and Mortgages: Tips for selling or buying a house at Bible Money Matters — Pete shares his experience with Dave Ramsey’s Financial Peace University. [...]

]]> By: Carnival Time! | artofthecoupon.com http://www.biblemoneymatters.com/2008/08/dave-ramseys-financial-peace-university-week-12-real-estate-and-mortgages.html/comment-page-1#comment-1651 Carnival Time! | artofthecoupon.com Wed, 27 Aug 2008 15:48:15 +0000 http://www.biblemoneymatters.com/?p=854#comment-1651 [...] hosted this week at Personal Finance Buzz.  Lots of other great articles here, notably these real estate & mortgage tips at Bible Money Matters and this personal story of one family’s journal to debt freedom at [...]

[...] hosted this week at Personal Finance Buzz.  Lots of other great articles here, notably these real estate & mortgage tips at Bible Money Matters and this personal story of one family’s journal to debt freedom at [...]

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