The Ramsey Show · Build A Life That Doesn’t Depend On Debt
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
Advise refinancing to a 15-year mortgage at a lower rate to save $500/month
Current payment $4,000; new payment $4,600; rate 6.3% → 5%; loan balance $491k; $500/month saved
“At 5.3% for a 30-year mortgage… $1 million mortgage is a $2 million repayment… if the bank of mom and dad gives you $100,000 you only need a $900,000 mortgage… you saved $200,000”
“Debt recycling… $500,000 non-deductible mortgage, got 50K in savings… split it… now $450,000 and $50,000 and then go invest the 50K into shares… now you have $450,000 non-deductible debt and 50,000 tax deductible debt”
“We’re offering a special rate for the first 50… $77 a month… we normally charge $97 a month and $500 for an hour consultation”
“‘They agreed to lower her rate from $110 a month to just $60… she got a $30 credit for trouble.’”
The strongest new moments on your topics, in the speakers' own words. Free for three topics.
No card. No password. One-click unsubscribe.
Pro watches up to 25 names or phrases and emails you the morning after they are said.
See Pro, $29 a monthVerbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.