Originally Posted by alarmguy
Originally Posted by JeffKeryk
Originally Posted by SouthDakotaDad
I'm pretty pumped. Got a 2.6% fixed rate on a 30 year mortgage for my home. I am absolutely shocked and never thought I'd see the day that a rate like that wasn't a 15 year loan. Wanted to do a 15 year like Dave Ramsey recommends, but just didn't want to commit to such a larger payment at this time.
Well done; close to free $$.
Dave Ramsey is for people who are in financial trouble; I disagree with a lot of his assumptions.
As others have posted, put extra into the loan and you can mimic a 15 year term.
Good luck and pay that sucker off!
Actually your 200% wrong but don't want to hijack this thread, read up, read a book go to Dave Ramsey's website.
He is about building wealth and not having to borrow money from other people and banks to buy things.
You have it backwards, borrowing money to buy things is for the poor.
The rich and self sufficient do not.
It is true he and his mission is to help people get out of debt and be independent of borrowing money, now isn't that a good concept!
Ramsey is for people who are in financial trouble; his guidance is a set of steps to get out.
Getting out of debt and achieving financial independence are great goals.
Let's just say I do not need his guidance.
I am not sure what you think I have backwards.
Mr. Ramsey's mission is to make money. He's doing quite well.
Originally Posted by JeffKeryk
Originally Posted by SouthDakotaDad
I'm pretty pumped. Got a 2.6% fixed rate on a 30 year mortgage for my home. I am absolutely shocked and never thought I'd see the day that a rate like that wasn't a 15 year loan. Wanted to do a 15 year like Dave Ramsey recommends, but just didn't want to commit to such a larger payment at this time.
Well done; close to free $$.
Dave Ramsey is for people who are in financial trouble; I disagree with a lot of his assumptions.
As others have posted, put extra into the loan and you can mimic a 15 year term.
Good luck and pay that sucker off!
Actually your 200% wrong but don't want to hijack this thread, read up, read a book go to Dave Ramsey's website.
He is about building wealth and not having to borrow money from other people and banks to buy things.
You have it backwards, borrowing money to buy things is for the poor.
The rich and self sufficient do not.
It is true he and his mission is to help people get out of debt and be independent of borrowing money, now isn't that a good concept!
Ramsey is for people who are in financial trouble; his guidance is a set of steps to get out.
Getting out of debt and achieving financial independence are great goals.
Let's just say I do not need his guidance.
I am not sure what you think I have backwards.
Mr. Ramsey's mission is to make money. He's doing quite well.
Last edited: