Mortgage

Stay away from it

Does Carl want to get involved with a subsidized mortgage loan? Dave doesn't think so, and he explains why during this call.

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We can afford it on a 30-year mortgage

Faith and her husband have found a home they love, but they can only afford it on a 30-year mortgage. Dave warns them against going this route.

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Why wouldn't you pay cash?

Brian and his wife have reached a point where they can pay cash for a house. Still, Brian wonders if getting a mortgage for the tax deduction is a good idea. Dave explains why paying cash is the way to go.

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Don't be house poor!

Mark knows that Dave recommends your mortgage payments be no more than 25 percent of your monthly take home pay. He asks if this figure includes insurance and property taxes. Dave responds and explains why this is a good idea.

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