Dave Ramsey

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.

You guys are not going to do anything I tell you to do, I can tell.

But you bought a house that you can't afford, and you bought it on terms with the in-laws that are absolutely cray-cray, ridiculous, and you've got a mortgage you can't afford.

So you're not going to do this, but what you should do is sell the house.

And you get out of both problems, the mortgage you can't afford and the in-laws that you can't afford.