Dave Ramsey
👤 SpeakerAppearances Over Time
Podcast Appearances
I didn't think that was a loan.
I thought it had to only be repaid at sale.
Are you paying payments to them?
No, we're not paying payments to them.
Okay, do you have a mortgage in addition to them?
Other than the in-laws, do you have a mortgage?
No.
Okay, so they paid cash for this house.
So you bought a $300,000 house.
The house was $800,000, and they put $300,000 down for us, and we are paying the remainder of the mortgage.
So you have a mortgage, other than the in-laws, of $500,000?
Yes, sir.
Okay.
And your household income is what?
It's about $80,000.
between the two of us.
My numbers fluctuate a bit, but my husband's is $50,000 and mine's about $30,000.
So you also bought a house you can't afford.
Your payment is, what, 30% or 40% of your take-home pay, right?
It's about that, yeah.