Common Mortgage Loan Questions
Am I ready to buy a house?
Imagine this: you’ve paid off all your consumer debt, you’ve got an emergency fund of 3–6 months of expenses, and you’ve saved for Dave’s recommended down payment. That’s how you know you’re ready to buy a house!
How much house can I afford?
Dave recommends that you get a mortgage payment that’s no more than 25% of your take-home pay. With a mortgage you can afford, you’ll have less stress and more room in your budget as you work the Baby Steps.
If you need help figuring out how much house you can afford, use our mortgage calculator.
What kind of mortgage should I get?
A shorter term, fixed-rate mortgage will save you thousands in interest, but there are other factors to consider. It’s not just about your interest rate. And certain types of loans can save you a lot of money. Getting a mortgage can seem complicated. An expert can help you through the process
Get a Smart Mortgage With Churchill
For over 25 years, Churchill Mortgage has helped Dave’s fans purchase or refinance their homes and work their way through the Baby Steps to financial peace.
Path to Debt FreedomLike Dave, Churchill believes in debt-free homeownership. They are also one of the few lenders who will work with people who have no credit score.
Heart of a TeacherChurchill’s Loan Specialists show you the true cost—and savings—of each loan option. They coach you to make the best decision based on your budget and goals.
Home Shopping ConfidenceChurchill goes the extra mile to verify your financial readiness. You can shop for a home confidently knowing that you’ve got the next best thing to a cash offer.
Connect With a Mortgage Expert
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