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Dave Ramsey may be a financial guru, but is that 20% down payment REALLY saving you money??
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239 Views • Jan 30, 2023 • Click to toggle off description
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Uploaded At Jan 30, 2023 ^^


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RYD date created : 2023-01-30T15:28:38.107846Z
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12 Comments

Top Comments of this video!! :3

@f.w.1318

1 year ago

Unless you have a credit score of 750 or above, most lenders will require to have 20% down regardless

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@cherylbroadenax1006

1 year ago

It all looks good on paper. Dave has helped a lot of people with financial freedom. Who has ya’ll helped?
Peace of mind is my goal. Have 3 houses and. 1&1/2 paid off houses. Will be done with the 2nd paid off in 2 yrs or less. Age 65. Sleep so peacefully.

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@MichaelRoberts9000

1 year ago

Dave's advice isn't "bad" it's tailored for people with low/middle income and who are bad at money. If you follow ,his steps your monthly expenses would be lower. And your missing a crucial piece in your calculation. Sure the top line number of how much the house is worth would always overtake the PMI, but if you start with a lower payment and pay less per month(because of the PMI) your total equity would be lower since you haven't paid down the princple as much. And the interest plus the PMI would probably balloon faster than the additional equity.

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@westwoodyou

1 year ago

You would still be getting the equity either way

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@fareshajjar1208

1 year ago

Now do the math with a loss in equity of 20% over the next 4 years. Peak to trough of real estate bear mkts is 4 years. We are going WAY down!

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