Financial Peace University Update (Session 12)

On Sunday afternoon, we had session 12 of Financial Peace University. We were off last week due to the Mother's Day holiday. Session 12 is on the topic of "Real Estate and Mortgages."

Here's what Dave Ramsey's organization has to say about this 12th session of FPU:


Week 12 - Real Estate & Mortgages

Dave teaches us the best way to buy and sell a house, the difference between 15- and 30-year mortgages, and the best ways to finance a home. Tuck this lesson away somewhere safe for when you are ready to buy or sell a home.

Think keeping your mortgage for a tax deduction is a good idea? Think again! The tax "savings" isn't really worth it in the end.

Key Points

1. When selling a home, think like a retailer.
2. When buying a home, think like an investor.
3. Never get more than a 15-year fixed mortgage. Don't tie up more than 25% of your income in house payments.