My Husband Wants To Borrow Money Against Our House To Buy Guns

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Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 1 March 2021

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Chris Hogan, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Monday, and this is the Ramsey Call of the Day, part of the Ramsey Network.
0:06.4	Joining me today is Ramsey Personality, Ken Coleman.
0:10.6	Gene is with us in Colorado Springs.
0:12.9	Hi, Gene.
0:13.7	Welcome to the Ramsey Show.
0:16.3	Hi, thank you so much, taking my call.
0:20.4	Without going into all the gory details, my husband and I have separate accounts.
0:27.8	We just put the house in both our names.
0:31.2	I have no debt.
0:32.4	He already had a home equity loan on the house plus a car loan.
0:38.1	Now, he wants to borrow more money to buy some firearms.
0:43.4	And with the house being in both our names, it's joint tenets, not survivorship.
0:50.1	I would have to sign some papers to say I can consent to him getting a lien on the house.
0:58.3	Should I do it?
1:00.4	To buy guns?
1:03.3	Yes.
1:04.0	How old are you guys?
1:06.3	I'm 68 and he's 76.
1:09.2	And how long have you been married?
1:11.7	Over 15 years.
1:13.7	Okay.
1:14.1	I have a huge gun collection.
	...

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