Dave Ramsey warns Americans to avoid major homebuying mistake
The best-selling personal finance author explains why purchasing a home can have considerable financial ramifications.
Buying a home is one of the most important and expensive decisions most consumers will ever make. Although mortgage rates and housing prices are significant components of affordability, there are other upfront costs homebuyers must be aware of.
A considerable portion of a home savings nest egg should be devoted to the down payment, but closing costs like taxes, home inspection fees, and insurance all must be paid upfront.
