In any case, sir, my spouse used to tell me that I had a behind capable of raising the dead from their graves. I wish to avoid taking any chances.
Isn’t that funny?
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Although Frank Fritz’s visage was instantly identifiable on television, his personal life was filled with hardships. This is the tale of his unfortunate events.
The long-lasting friendship between Frank and Diann Bankson eventually turned sour. Frank, who was 25, started seeing her, and the two got engaged in 2017. The following year, they moved in together after buying a farmhouse in Iowa.
Sadly, things became worse when Bankson said she had stepped into their bedroom and found her boyfriend with someone else, accusing her partner of cheating. After this occurrence, their relationship quickly fell apart, which led to Frank becoming an alcoholic, losing his job, and facing more health risks.
Both of them bear the permanent scars of their time together; they will always remember their tumultuous relationship even if they are no longer together.
When Fritz realized that Bankson had cheated on him, he was crushed. For their impending nuptials, he had already bought an expensive ring and a property. Fritz was reminded not to make the same mistake twice by getting a tattoo that said, “Once a cheater, always a cheater.”
He experienced financial and emotional hardship as a result of this tragedy. In an attempt to deal with his heartbreak, he started drinking excessively, which caused his weight to drastically drop. He acknowledged that despite his best efforts, he had been unable to move on from her. Fritz still harbored affections for Bankson and desired a marriage with her in spite of her actions.
Fritz had to take a leave of absence from his host position on the History Channel program American Pickers due to health concerns. The viewers of the show had missed him terribly and were ready for him to come back so they could enjoy it again. After undergoing back surgery and a protracted period of healing and recuperation, Fritz said that he was prepared to tackle his long-running series with all of his might.
Fritz stated that the showrunner had been in touch with him and assured him that he would return, even though there had been no formal statement about his return. However, TMZ claims that Fritz was not given any consideration for a hosting position at this moment.
Meanwhile, Bankson, his ex-girlfriend, has made public her connection to engineering administration manager Eric Longlett. She posted pictures of their recent trip to see Elton John’s farewell show, Yellow Brick Road, on social media with pride, writing, “He took me to see Elton John’s farewell tour, Yellow Brick Road.” I’m a really lucky lady. Sweetie, you are my favorite.
Bankson decided not to return to the show as a co-host, and she announced her new companion at the same time. Fritz had been the show’s host for more than 10 years, so it was evident how involved he was, but there didn’t seem to be any preparations for him to return. She said she was grateful to have found Eric and that she did not want to see Fritz again very soon.
When Fritz’s friend found the young guy unconscious on his home floor on July 4, 2022, it was a horrifying scene. Fritz’s companion promptly reported that he was experiencing a seizure to the emergency services. The US Sun recorded the exchange on camera.
Bill Fritz, Fritz’s father, informed reporters that his son was making great progress since being admitted to the hospital and was doing well despite his illness. But the journey was not without difficulties; upon discharge from the hospital, he was placed under custody and sent into a skilled nursing facility to receive additional rehabilitation.
One of Fritz’s longtime friends is said to have sought for and subsequently been granted formal guardianship rights over him in early August 2022 as part of an emergency appointment that also included conservatorship procedures. If the ward is ill or disabled and cannot make decisions for themselves, this procedure enables another person to act on their behalf.
The bank was designated as his conservator and his buddy as his guardian, with the responsibility of monitoring and managing his funds. This implied that all payments for his care facility, including property taxes, maintenance fees, health insurance, and medical treatments, were the bank’s responsibility.
In addition, they would be in charge of getting him to and from events and doctor’s visits. He had to submit a “initial care plan,” which includes involvement in decision-making since the stroke, in order to be designated as his friend’s guardian.
Furthermore, the wishes of the person or, if applicable, his family members must be reflected in all decisions made on his behalf. The bank would have to guarantee that all necessary measures are taken to guarantee his welfare and that any obligations are fulfilled on schedule.
It was just recently established that popular television show host Frank Fritz required a conservator and guardian after records made this clear.
In order to give Frank the care he needs, his designated guardian must make decisions regarding his living arrangement, place of residence, health, and medical needs. They also have to make decisions regarding Frank’s participation in activities and keep lines of communication open with his loved ones, potential suitors, and other relevant parties.
In addition to these duties, the guardian is required to provide an annual report outlining their success in taking care of Frank. Given the seriousness of his illness, it seemed unlikely that he could make wise financial or medical decisions without putting himself in more peril.
Fritz’s neglectful actions could have caused him physical or mental harm, thus it was obvious that he needed a guardian to keep him safe.
The court decided that Fritz needed a guardian to keep him safe and gave them control over some areas of his life while he got the medical attention he needed for his wounds.
Everyone involved in this case has experienced pain, and all we can hope is that Frank heals swiftly enough to begin making his own decisions. I hope the cherished TV show presenter makes a full recovery, and I want you to tell your friends and family about this tale.
How to Own Your Dream Home
For most people, their first home isn’t their dream home. It starts off nice enough. But as time goes by and your family grows, starter homes tend to get a little . . . cramped.
But don’t hate on your current home too much. Because while it gave you a safe and dry place to lay your head at night, it was also setting you up to own your dream home someday.
We’ll show you how it all works and walk you through the steps that’ll get you in your dream home—one you can actually afford!
How to Get Your Dream Home in 5 Steps
Here are the steps:
- Follow the Financial Basics
- Find Out How Much Equity You Have
- Set Your New Home-Buying Budget
- Find the Right Dream Home for You
- Be Picky and Patient
Now let’s cover each step in more detail.
Step 1: Follow the Financial Basics
First thing’s first—you have to get out of debt, get on a budget, and build up an emergency fund of 3–6 months of expenses. Sounds pretty basic, right? If you haven’t completed these steps, then you’re not ready to upgrade to your dream home . . . yet.
Now, when you’ve got house fever, it can be hard to focus on paying off debt or saving an emergency fund before you upgrade your home—especially when you’re feeling the pressure of rising home prices and interest rates.
But whether it’s your second or third house, you should only buy a home when you’ve covered the financial basics we mentioned above. Then you’ll be ready to start the journey toward owning your dream house.
And that journey starts with your home equity. What’s equity? Well, we’re glad you asked . . . that brings us to the next step.
Step 2: Find Out How Much Equity You Have
Home equity is a pretty simple concept: It’s your current home’s value minus whatever you still owe on your mortgage.
See, in most cases, your home’s value increases over time. Similar to other long-term investments (like retirement accounts), homes gradually increase in value. There have been periods of ups and downs in the market to be sure, but the value of real estate has consistently gone up. According to the St. Louis Federal Reserve, the average sale price of a home has increased over 2,300% from 1965 to 2023! And in the last ten years (2013 to 2023), there’s been a 68% increase.1 As your home increases in value, so does your equity. In real estate terms, this is called appreciation.
Other factors that increase your home’s equity include:
- Added value: Home improvement projects like adding square footage, updating fixtures and appliances, or even just slapping on a new coat of paint can add value to your home.
- Mortgage paydown: Paying down your mortgage not only gets you out of debt faster, it also builds your equity. The less you owe on your home, the more equity you have.
The amount of equity you have gives you a pretty good idea of how much money you’ll end up with after selling your house. You can use that money to make a hefty down payment and cover the other costs that come with buying a home.
Find expert agents to help you buy your home.
So, how do you determine your home’s value? Well, you can get a ballpark estimate on real estate websites like Zillow, ask a trusted real estate agent to perform a competitive market analysis (which they’ll do anyway if they’re helping you sell your house), or get a professional appraisal.
Finding out your home’s equity will involve a little math, but it’s third-grade-level stuff, so don’t sweat it.
Here’s what we mean. Let’s say your home’s current value is $355,000. When you sell that house, you’ll have to pay for between 1–3% of the sale price in closing costs, another 6% in fees for the real estate agent who helped you sell it, and whatever’s left to pay off on your mortgage.
That means you can estimate clearing over $223,000 from selling your house. That’s a killer down payment on your dream home! And if your home is paid off, that’s even more money to put down and use to pay for things like repairs and moving expenses.
Step 3: Set Your Dream Home Budget
Once you know how much you’ll clear from the sale of your home, you can start making a budget for your dream home.
The key to owning your dream home (instead of it owning you) is to keep your mortgage payment to no more than 25% of your take-home pay on a 15-year fixed-rate mortgage, along with paying a down payment of at least 20% to avoid private mortgage insurance (PMI). Never get a 30-year mortgage even if the bank offers it (and they will). You’d pay a fortune in interest—money that should go toward building your wealth, not the bank’s.
So, let’s say your take-home pay is $4,800 a month. That means your monthly mortgage payment shouldn’t be any bigger than $1,200. By the way, that 25% figure should also include other home fees collected every month with the mortgage payment like homeowners association (HOA) fees, insurance premiums and property taxes.
Plug your numbers into our mortgage calculator to see how much house you can afford.
And don’t forget to budget for all those other costs that come with the home-buying process in addition to your closing fees—things like moving expenses and any upgrades or repairs you might need to make. You don’t want these hidden costs to catch you off guard or drain your emergency fund.
Step 4: Find the Right Dream Home for You
This is where things get real. After all your hard work building up your equity (and doing a lot of math—don’t forget that), you’re finally ready to start the house hunt. Woo-hoo!
But don’t lose focus. Stay zoned in by making a list of features that make a home fit your budget, lifestyle and dreams—and stick to it throughout your house hunt. Here are a few ideas to get you started.
- Don’t compromise on location and layout. If you plan to be in this home for the long haul, an out-of-the-way neighborhood or a wacky floor plan is a deal breaker. Look for a community and layout that’ll suit your lifestyle now and for years to come.
- Think about how much space your family needs. While your budget has the final say about how much home you buy, you’ll want your dream home to fit your family’s needs through different life seasons.
- Consider the school districts. If you have or want kids, the quality of the nearby school districts is probably already on your mind. But even if you don’t have kids or you’re retired, keep in mind that having good schools nearby could increase your home’s value.
- Look for a house that’ll grow in value. Are home values rising in the area? Is the number of businesses going up? These factors can help you figure out whether your dream home will turn into a good investment.
- Count the costs. Want that fancy master bathroom with the multiple showerheads and the Jacuzzi tub? Be clear on what’s a must-have and what’s nice to have. And don’t forget, upgraded features like that will make your dream home more expensive.
Step 5: Be Picky and Patient
We know you’re anxious to get into those new digs, but be patient. Wait for the right house at the right time. Don’t spend your money on a less-than-ideal home just because you’re tired of looking.
The key is finding a good real estate agent who understands your budget and refuses to settle for “good enough.” They’re as committed to your dream as you are and will have your back throughout the entire process, no matter what it takes.
In addition to teaming up with a great real estate agent, you can take a couple of extra steps to make sure you’re ready to strike as soon as the right home comes up:
- Get preapproved for a 15-year fixed-rate mortgage. Having preapproved financing is a green flag for sellers—especially in multiple offer situations. And because this puts most of your information in the lender’s system, you’ll be on the fast track to closing once your offer is accepted.
- Offer earnest money with your bid. Earnest money is a deposit to show you’re truly interested in a home. Usually it’s 1–2% of the home’s purchase price and it’s applied to your down payment or closing costs. Even if the deal falls through, you can almost always get most of it back.
Find a Real Estate Expert in Your Local Market
Now, you might be thinking you have some work to do before you’re ready to find your dream home. Or you may be realizing your years of hard work are about to pay off! Regardless, if you follow these steps, you’ll find the house you’ve always wanted and avoid a purchase you’ll regret.
Once you’re ready, connect with one of our RamseyTrusted real estate agents. These are high-performing agents who do business the Ramsey way and share your values so you can rest easy knowing the search for your dream home is in the right hands.
Find the only real estate agents in your area we trust, and start the hunt for your dream home!
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