📈 Are you on track with the Baby Steps? Get a Free Personalized Plan 📱 Watch the full episode for free in the Ramsey Network app. Jade Warshaw and George Kamel answer your questions and discuss: "How do we move forward with a bridge loan and a house that isn't sold?" "My wife wants a divorce. How do I handle my finances while going through this?" Jade and George discuss their biggest financial mistakes, "My husband and I don't agree on where to live in retirement. How do we come to an agreement?" "Should I sign up for a debt relief program?" "My realtor doesn't want me to sell my rental. Is she right?" "How do I cut up my credit cards when I love the reward points?" "My car was repossessed and sold. How do I pay off the balance now?" "Is it wrong to sell my wife’s engagement ring and band ? " Next Steps: ✅ Help us make the show better by taking this short survey! 📞 Have a question for the show? Call 888-825-5225 weekdays from 2–5 p.m. ET or send us an email. 🏠 Get organized and prepared to buy or sell a home. 💰Hurry—Your chance to win $5k is almost over! Enter the Ramsey Cash Giveaway today! 💵 Start your free budget today. Download the EveryDollar app! Connect with our Sponsors: 🛒 Stop paying more and start shopping smarter at Aldi 🌱 Get 10% off your first month of BetterHelp 📱Go to Boost Mobile to switch today! 🏥 Learn more about Christian Healthcare Ministries 🏡 Get started today with Churchill Mortgage 🔒 Get 20% off when you join DeleteMe 🏦 Go to FAIRWINDS Credit Union for an exclusive account bundle! 🥗 Save 15% on your first Field of Greens order with code RAMSEY ⛨ Find top Health Insurance Plans at Health Trust Financial 💸 To find out more about student loan refinancing, check out Laurel Road 💻 Visit NetSuite today to learn more 🗂️ Use promo code RAMSEY for 18% off at The Nokbox 💵 Learn more about Timothy Plan 🏛 Get started with YRefy or call 844-2-RAMSEY 🔐 Visit Zander Insurance for your free instant quote today! Explore more from Ramsey Network: 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel 🪑 Front Row Seat with Ken Coleman 📈 EntreLeadership Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices
Full Episode
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From the Ramsey Network, it's the Ramsey Show. The only live show where we talk about your life and your money with actual callers calling in, George. I am your host, Jade Warshaw. Next to me, as I just said, George. As in George Camel.
No last name. I'm like Cher. George.
The George taking calls about your life and money. Like I said, you can call in at any point. The number 888-825-5225. If you call in and you have to leave a message, that's a good thing. It means we'll try to get you on the show at a later date. We're going to go straight to the phone lines where we have Brenda in Dallas, Texas. Brenda, how can we help today?
Hi, I'm calling because in October of last year, my husband and I made the dumb, dumb, dumb decision of taking out a bridge loan to purchase a property. And it was with the idea that we would sell our previous property and pay off the loan, restructure the loan, and everything would be great. But we haven't been able to sell our old property, and the loan is due on June 1st.
Interest has accrued like nobody's business. Oh, man.
What was the interest rate, and then what was the amount?
So the total, they combined both properties, came out to $1.437 at $10.99. $10.99? ! Yeah. So apparently bridge loans, they explained to us, are always high interest like this. They're anywhere between 8 and 12. Man.
They even explained it to you and you guys said, sign us up. Let's do it.
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