Reported 18 days ago
Financial expert Dave Ramsey stresses the importance of having an emergency fund for young homebuyers, like 23-year-old Jared, who aspires to buy a home in Oklahoma City. Despite Jared's solid savings and work ethic, Ramsey highlighted that he should save three to six months' living expenses as an emergency fund before finalizing his home purchase. Ramsey also recommends avoiding fixer-uppers and suggests opting for a 15-year mortgage to achieve long-term financial security.
Source: YAHOO