‘Ticket to Foreclosure’ Dave Ramsey Warns Of This Mortgage Trap He Calls ‘Dumber Than A Rock On The Surface’

Personal finance expert Dave Ramsey has raised concerns about the growing popularity of adjustable-rate mortgages (ARMs). In a recent episode of “The Ramsey Show,” Ramsey didn’t hold back in describing ARMs as a “ticket to foreclosure” rather than a pathway to homeownership.

In the episode, co-host George Kamel brought up a “passive-aggressive” question posted on Experian regarding whether adjustable-rate mortgages could help people purchase homes. Ramsey made it clear that he saw a…