Personal Home Loan Mortgages

Yesterday, I was asked to take a look at www.personalhomeloanmortgages.com and give my honest opinion. I will again try to do that through the eyes of Dave Ramsey. My first look at the website and I was impressed by how nice it looked. It was well laid out. However, www.personalhomeloanmortgages.com the wbsite which offers mortgage offers the lowest quotes from no more then two lenders, seems focused on Audgestable Rate Mortgage's (ARM) and Home Equity Line of Credit (HELOC) or as Dave Ramsey calls them HEL (aka hell). While you John Cummuta teaches that you may have to get a loan to buy your first house, Ramsey encourages first time home buyers (as well as everyone else buying a home) to save and pay cash.
The problem with ARM's is that people who hold such loans can be surprised and ruin their budgets if interest rates go up causing their monthly payments to also rise. This is why Dave ramsey, has said repeatedly to avoid ARM's at all cost.
As for HELOC's, the biggest problem I find with HELOC's is that people use these loans to consolidate their debts, including credit card debts, but then start charging up the now paid off credit card. As a result in just a few months, someone who took out a HELOC, could easily find theirselves in worse financial shape then before they put their home at risk with such a stupid loan. My advise, if you do take out a HELOC, you must be committed to not borrow anything else and to getting that loan paid off ASAP.
If you have enough money saved for a healthy down payment, feel free to take a look at www.personalhomeloanmortgages.com and see what kind of rates they might be able to offer you. I would still recomend that you say 100% of the cash, but as long as you have a good 25-50% to put down, I won't criticize you for borrowing for your first home, as long as that home is not more then you can afford.