Jul 13, 2026 · 15 min · 4 segments
A couple is worried they may have stretched too far to buy their home. We walk through their numbers and help them determine whether their housing costs are putting too much strain on their finances…
Dave RamseyHost
Rachel CruzeHost
John DelonyHost
[air whooshes] Uh, he says, "My wife and I move every few years for work, and we rent at homes each time.
Our friends recently bought a house for 1.5 million, which I know is out of their price range.
"What are your thoughts on this type of loan? It sounds like it's renting a house, but you get the benefits [laughs] of ownership.
Would buying a house this way be a smart move for somebody that relocates frequently, or should we keep renting?" So there's, there's two concepts in there.
There's the friends who have the $1.5 million house, which that feels like their personal residence.
But you're saying, "Is this a good idea for s- for us [graphic squeaks] since we relocate?" Um, and I would say no.
So if you're not paying any of the principal, you're never paying down the mortgage.
Um, so I, there, there's no real advantage that I can think of for you to do this.
Um, I mean, after the interest period ends, your, your payment's gonna jump up anyway 'cause you will start paying principal.
It's probably, I gotta believe it's one of the most expensive ways that you could-
[air whooshes] Uh, he says, "My wife and I move every few years for work, and we rent at homes each time.
Our friends recently bought a house for 1.5 million, which I know is out of their price range.
"What are your thoughts on this type of loan? It sounds like it's renting a house, but you get the benefits [laughs] of ownership.
Would buying a house this way be a smart move for somebody that relocates frequently, or should we keep renting?" So there's, there's two concepts in there.
There's the friends who have the $1.5 million house, which that feels like their personal residence.
But you're saying, "Is this a good idea for s- for us [graphic squeaks] since we relocate?" Um, and I would say no.
So if you're not paying any of the principal, you're never paying down the mortgage.
Um, so I, there, there's no real advantage that I can think of for you to do this.
Um, I mean, after the interest period ends, your, your payment's gonna jump up anyway 'cause you will start paying principal.
It's probably, I gotta believe it's one of the most expensive ways that you could-
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