Since mortgage refinancing can cost tens of thousands of dollars, Ramsey believes that refinancing only makes sense under these 5 specific circumstances.

A $300K 15-year mortgage at 5.5% saves $39K in interest versus a 30-year at 6.5%. Monthly payments on 15-year mortgages run nearly double those of 30-year loans. Voluntary extra payments on a 30-year ...

Financial guru Dave Ramsey recommends keeping housing costs to 25% of your take-home pay. In today's market, that's not necessarily realistic for everyone. It's better to assess your total income ...

Owning a home — and paying it off as quickly as possible — is central to Dave Ramsey's financial philosophy. In fact, paying off your home early is Step #6 in Ramsey's "Baby Steps," a structured ...