This is the Ramsey Call of the Day, part of the Ramsey Network.

Joining me today is Ramsey personality, Ken Coleman.

Chris is with us in Albuquerque, New Mexico.

Hey, Chris, how are you?

Hey, Dave, how are you? Hey, Dave, how are you?

Thanks for taking my call, and thank you for fixing stupid, and stupid is me.

So thank you for that.

Well, we've all been there, brother.

What's up?

Yes, sir.

So the tragedy has put me in a position to buy a house that I know I can't afford with, you know, 20% down

with a fourth or a mortgage rate of my income. So right now I'm 21. I make $74,000 a year.

Next year, that'll go up to $90,000. I have $80,000 saved.

This house is worth $294,000.

I'll be buying it for $294,000.

It's worth about $4,00040,000.

So I'm wondering, do I just put down the 20%,

which is $58,000, or do I kind of go more aggressive and wipe out my savings with,

why I guess, except $1,000 and get my mortgage as low as possible? I do want to do a 15 year. I don't want to go 30, but...

What do you do for a living? I work in procurement and pretty much government contracts for a national laboratory.

Okay, I missed the part where a tragedy helped you.

I don't understand.

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