The Ramsey Show Highlights What's The Downside of Putting Less Than 20% on A Home?
Jan 10, 2026
In this conversation, Brandon, an eager homebuyer and fiancée, explores mortgage options with hosts Dave and Rachel. They discuss the downsides of putting less than 20% down, highlighting the risk and stress it can introduce. The duo emphasizes the peace of mind that comes from quickly paying off a mortgage and sticking to stable financial habits. They caution against adjustable-rate mortgages for short stays, advocating for boring yet consistent money management to build long-term wealth. Their insights aim to help Brandon find financial stability.
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Math Without Risk Misses The Point
- Putting less than 20% down to invest the difference ignores added life risk and stress.
- Dave Ramsey says real-world results don't support the math-only strategy.
Millionaires Usually Have Paid Homes
- Ramsey cites a study of over 10,000 millionaires showing none became wealthy by minimizing home down payments to invest.
- Typical millionaires had large paid-for homes alongside retirement savings when they hit their first million.
Pay Off The Mortgage Fast
- Do prioritize paying off your mortgage quickly to reduce life stress and increase choices.
- Dave Ramsey argues eliminating mortgage debt improves relationships, health, and career flexibility.