Should you rely on a mortgage lender?

Ramsey says you shouldn't rely on a mortgage lender to determine how much home loan you can afford. Rather, crunch some numbers yourself, and see what sits right with you based on your income and non-housing related expenses. Ramsey recommends that you take out a mortgage with a monthly payment of no more than 25% of your take-home pay.

Does Dave Ramsey give good mortgage advice?

Dave Ramsey is one of the best known personal finance experts, and he's got a lot to say about mortgage loans. But while Dave has a tendency to offer some great insight, he also gives some advice that many borrowers probably shouldn't listen to. Here's the best -- and worst -- piece of mortgage advice he's provided.

How do I prepare for a mortgage?

To prepare for getting a mortgage, be sure to know what you can realistically afford, how much you'll have saved for a down payment and if you need to improve your credit score before applying. Comparing offers from multiple lenders — at least three — could save you a significant amount of money.