Dave Ramsey warns home buyers to avoid major mortgage mistake

Purchasing a home is a multi-decade commitment, making it one of consumers' most important financial decisions. Timing the market to get a reasonable mortgage rate, loan term, and home price can be challenging, making it easy for buyers to lose track of the details. 

However, the type of mortgage loan homeowners choose can impact the amount paid in interest, which can amount to tens of thousands of dollars in the long run.