Not sure if there is any others but the American Express Cash Preferred I have is 6% on groceries, 3% on gas, and 1% on everything else. There is a $95 annual fee on it though. I don't have an issue with it as I usually can cover that in 2-3 months of use.
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Dave Ramsey
- Thread starter Peanut Butter
- Start date
Not sure if there is any others but the American Express Cash Preferred I have is 6% on groceries, 3% on gas, and 1% on everything else. There is a $95 annual fee on it though. I don't have an issue with it as I usually can cover that in 2-3 months of use.
it can be done with manual underwriting but churchill mortgage has stupid high origination fees and if you have a zero credit score it is based off a 620 score so you take a heck of a beating on the rate- Local Mortgage officer
the way i always say it is "the people who own the house your renting are not loosing money you being there"
that all depends on what loan you get . FHA it doesnt matter if you only owe 20k on a 200k house you are still going to pay it. conventional you only pay till you own 22% for automatic removal or 20% you can call and request removal
if you had 0 credit score they rate you at a 620 credit score. and even their 620 is high compared to most brokers. and i know thier closing costs have a **** ton of extra BS fees . i believe they even have a $500 ish dollar basically "dave fee"
**First, I agree being completely debt free**
I was looking at 9%-12%+ mortgage rates so the decision was easy.
It's too late for me but my kids can borrow mortgage money at 3.50% for 30 years. I believe that they can earn more investing to stocks in 30 years than the 3.5%? Just a thought.
I am sure glad that I stayed married so I didn't lose half my stuff. I know guys that have lost half their stuff twice (2X divorce).
I got with the original program and just bought a new 2020 Porsche 911 for cash. It's here today up on Lake Lanier.
It works.
I was looking at 9%-12%+ mortgage rates so the decision was easy.
It's too late for me but my kids can borrow mortgage money at 3.50% for 30 years. I believe that they can earn more investing to stocks in 30 years than the 3.5%? Just a thought.
I am sure glad that I stayed married so I didn't lose half my stuff. I know guys that have lost half their stuff twice (2X divorce).
I got with the original program and just bought a new 2020 Porsche 911 for cash. It's here today up on Lake Lanier.
It works.
**First, I agree being completely debt free**
I was looking at 9%-12%+ mortgage rates so the decision was easy.
It's too late for me but my kids can borrow mortgage money at 3.50% for 30 years. I believe that they can earn more investing to stocks in 30 years than the 3.5%? Just a thought.
I am sure glad that I stayed married so I didn't lose half my stuff. I know guys that have lost half their stuff twice (2X divorce).
I got with the original program and just bought a new 2020 Porsche 911 for cash. It's here today up on Lake Lanier.
It works.
I bought a Porsche 944 back in 1986 when I was single and stationed in Germany. Got that out of my system. Now even though debt free I listen to Dave and Clark Howard and don't spend a lot on a large asset that depreciates.
I'll buy a 2 year old car with under 40,000 miles and around $15,000. I tend to keep them around 10 years.
I'd rather spend money on a 20 day cruise through the Panama Canal to Seattle or take my wife and 2 sons on a trip to Dublin, Edinburgh and London.
Paid in cash.
JMHO.
American Express Blue Cash Preferred.
PenFed has a similar card but it's 5% on groceries, 3% on gas.
I started with nothing. I saved and invested.
I am an older guy. I am up 300% in the last 10 years on my stock investments.
Since I started with the Ramsey investment strategy earlier than most folks, I say that I can then splurge for something I always wanted without getting off-track on my goals.
