Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Two financial legends, two completely different paths to homeownership. Dave Ramsey urges you to save up and buy a house outright — no mortgage, no monthly burden. Warren Buffett, on the other hand, calls the 30-year fixed mortgage
Janelle from Raleigh, North Carolina, says she “did the ultimate no-no” when she bought a house with someone to whom she wasn’t married. After about a year, they broke up and she moved out. Now, they’re four months behind in mortgage payments, haven’t been able to sell the house and are facing foreclosure. She’s also
Imagine this scenario: Samantha is retired at 69, but a few years back she took out a reverse mortgage. Now, she’d like to be done with it, especially since the loan comes with a hefty interest rate of 6.75%. She currently has about $375,000 in home equity while her reverse mortgage loan is close to