Prince Harry is reportedly devastated after learning that his brother, Prince William, has been awarded a new military title once held by Harry himself. King Charles appointed William as the Colonel-in-Chief of the Army Air Corps, a role Harry cherished during his time as a working royal. According to royal expert Richard Fitzwilliams, this news has left Harry “in tears” and feeling further isolated from his family.
The military title was something deeply personal to Harry, as it connected to one of the few periods in his life when he felt recognized for his own achievements, independent of his royal status.
Harry had always taken great pride in his military service. He served ten years in the British Army, completing two tours of duty in Afghanistan, and his role as Colonel-in-Chief of the Army Air Corps was a point of honor. Losing that title has been particularly painful for him, as it symbolizes a deeper separation from his previous life and the duties he genuinely loved. Richard Fitzwilliams noted that for Harry, this decision by his father is a “real kick in the teeth,” especially given his strained relationship with both King Charles and Prince William in recent years.
The timing of the announcement has only worsened the situation for Harry. Buckingham Palace made the news public while Harry was in the U.K. for the 10th anniversary of the Invictus Games, an event he founded to honor wounded veterans. During this time, Harry appeared at St. Paul’s Cathedral, wearing his KCVO (Royal Victorian Order) medal, a reminder of his contributions to the monarchy.
Royal author Tom Quinn suggested that Harry’s choice to wear the medal at this event was a symbolic gesture, saying, “This was Harry’s way of reminding his family that his grandmother, Queen Elizabeth II, valued his contributions to the royal family.”
Despite the emotional blow, Harry remains committed to his ties with the military. However, being stripped of this honorary role in favor of his brother has reportedly intensified his feelings of betrayal. Fitzwilliams commented that Harry believes this decision further marginalizes him, reinforcing the distance between him and his family. He is said to be especially hurt that the title was given to his brother, someone he sees as part of the reason behind many of his struggles with the royal family.
Harry’s reaction to William’s new title reflects deeper issues within the royal family. The strained relationship between the brothers has been widely reported, and this latest development is seen as a significant blow to any hopes of reconciliation. The fact that Harry was once proud of his role in the military but is now watching his former position being given to his brother is seen by many as a public demonstration of how far he has been distanced from his royal duties.
As the royal family prepares for the official title handover at the Army Aviation Centre in Middle Wallop in May 2024, it marks a further step in what some see as Harry’s increasing estrangement from his previous life. The appointment of Prince William as Colonel-in-Chief of the Army Air Corps seems to cement Prince Harry’s permanent departure from both his military and royal responsibilities, a reality that, according to sources, has left him deeply saddened and emotional.
Richard Fitzwilliams, a royal expert, emphasized that the conflict between Prince Harry and King Charles III is one of the most publicized family rifts in the world. He suggested that if the situation had been handled privately, away from media speculation, there might have been a greater chance for reconciliation. Unfortunately, the tensions between the Duke of Sussex and his father run deep, as evidenced by the fact that, even when Harry returned to the U.K. in May 2024, they did not meet, which shocked and disappointed the public.
A spokesperson for Prince Harry released a statement confirming that, despite numerous inquiries and rumors, the Duke would not be meeting with the King during his visit due to the King’s busy schedule. The statement explained that Harry understood his father’s commitments and hoped to see him soon. King Charles, recently back to his public duties after a period of treatment for cancer, was occupied with official events, including a meeting with the Prime Minister of Fiji and the season’s first garden party at Buckingham Palace.
This news led to a wave of public backlash, with many criticizing the King for not prioritizing his son. Some social media users condemned the situation, calling it “unforgivable” and expressing disappointment in Charles, while others defended Harry, noting that he had made numerous attempts to reconnect. One commenter remarked that it was clear King Charles chose his position and duties over his family.
Prince Harry’s schedule during his visit was also packed, as he focused on the 10th anniversary of the Invictus Games. He participated in various events, including giving a reading at St. Paul’s Cathedral. Despite being in the same country, the physical and emotional distance between Harry and his father—and his brother, Prince William—remains significant.
In an earlier interview with “Good Morning America,” Prince Harry spoke openly about the strained relationship with his brother. When asked how their late mother, Princess Diana, would feel about their falling out, Harry said she would likely be saddened but would also recognize that healing the relationship would require going through these difficult phases. He added that he feels his mother’s presence more strongly now than ever before, especially during these times of family turmoil.
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!
Leave a Reply