#financial-readiness

#financial-readiness

Dave Ramsey advises potential homebuyers to prioritize financial readiness over chasing lower mortgage rates, highlighting the significance of factors like debt, emergency funds, and down payments. Experts like Brian Shahwan and Kirsten Jordan support Ramsey's view that the current market presents opportunities for homebuyers, with expectations that mortgage rates may align with the Fed's trajectory. Contrary to the optimism, real estate agent Eli Harris cautions about overlooking the practical challenges, such as high living costs, potential additional expenses beyond mortgage rates, and limitations on refinancing eligibility.