The Ramsey Show

Snapshot · The Ramsey Show

Change Your Mindset, Change Your Life

Explore episode Aug 7, 2026

Where this was said

Charles in Charlotte: Cold Feet on a Home Purchase Under Contract

At 1:17:07 · chapter starts 1:15:30

Charles in Charlotte is under contract on a new home with a $210,000 loan at $1,800/month, while his current home has only 10 years and $110,000 left at a 2.25% rate. He's worried about restarting a 30-year mortgage and the cash flow impact — his wife isn't working yet. Dave's answer is blunt: you gave your word. Close on the deal. The 30-year is just a minimum; you can pay it off faster whenever you choose. His income of $100,000 with a working wife soon to add more makes this manageable.

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