Understanding Mortgage Amortization and Ownership Transfer Myths

This chapter explores the details of mortgage amortization schedules, detailing the distribution of payments between interest and principal. It also dispels myths about prepaying mortgages and discusses the effects of property transfer before death.

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Dave Ramsey and Ken Coleman answer your questions and discuss:

"We're barely scraping by and I just found out I'm pregnant"
"I have to ask my husband for money for anything I do - should I divorce him? "
"I'm 20 years old and considering filing for bankruptcy"
"How do I start investing?"
"I'm getting a large inheritance. How should I invest it?"
"We're net worth millionaires but struggle to pay our bills"
"I've been fired twice and we're drowning in debt"
"What is your opinion on being able to Vemno the government to pay down the national debt?"
"Should we buy a home in cash if we are going to be moving every few years?"
"Can we do the debt snowball out of order since we have a baby on the way?"
"Our families are giving us a wedding gift of $20,000. How do we best use this money as newlyweds?"
"Can I afford a second child with the home repairs we have to pay?"
"I'm 65, can I afford to retire?"