Dave Ramsey is someone a lot of people follow for financial advise. Lately he’s been showing up A LOT in my Facebook stream pushing his thoughts on mortgages, home ownership and credit. Some of his ideas, I don’t totally disagree with. In fact, I shared a post that came from his group encouraging people to continue to pay rent and make their mortgage payments during the pandemic if at all possible (ie nothing is for free). However, I don’t support what he instructs his followers who are considering buying a home and I also have an issue with anyone who pushes their “team of vetted real estate agents”…I would be really surprised if there is not some sort of financial relationship associated with this referral arrangement.
Let’s take a look at what he encourages his followers to do with regards to buying a home or getting a mortgage. [Read more…]
I’ve held this opinion for a long time, and if anything, it’s become more relevant: I don’t think it’s in a buyer’s best interest to use the same person to originate their mortgage and sell them their home. With the rise of mega real estate teams offering “one-stop” service — agent, lender, sometimes even title — this dual-role setup has only become more common since I first wrote about it. My opinion hasn’t changed. 
