The VA loan makes it so you dont pay PMI. Does that change anything?

😂

Ok that was a good one.

😂😂😂

LOL

Lol

🤣🤣

Yes! GET TO THE POINT. Long winded people exhaust me.

@@LaCrux because most of what she said is a lie. That 8000 a month of take-home is more likely closer to half that. She needs to make up the story properly to justify being dumb with her money hence the beating around the bush

Thank them for adding Deloney for the boring calls.

It's her voice...that voice!!!

@@JustATotalNerd You called it! I sensed pretty much exactly what you just said too. She's trying to BS, avoid answering questions etc.

She wastes so much of the call with chit chat like she thinks she's going to hypnotize these guys into agreeing with her.

When you know you messed up and want somebody else to feel bad for you and tell you that you did the right thing

This is what it means "Living the American Dream in the American Way"....

Yep I smell divorce. These type of women or men sometimes are never satisfied.

@@kartboarder22g17 I feel bad for the husband, I hope hes ok. He might need a 3rd job.

She is going to pay more 3100 tax heat hot water taxes insurance

How is that even legal? In NY they make you put down 20 percent and if you don't put 25, you pay title insurance.

@@georgewagner7787 it’s a va loan

I live in BC. You can’t get a one bedroom condo for that price here lol

We bought a 550k home with $0 down for VA loan and only paid $130 total to close on our 3rd VA loan home. However we have a solid income of 175k a year. The money used for down payments was used for investments instead.

No, Dave thinks everyone should have a bunch of kids.

@@MrNeptunebob He has never said that. It depends on the family, financial situation, etc.

Put the kids to work. Open up a lemonade stand. 🍋

Agreed buy a house in cash loans are for losers

Agreed.

@@JewelBlueIbanez Yesss!

ABSOLUTELY!

Yes!

Yes! I'm guessing that he's trying to wean himself off the desk to retire so I'm guessing he does this with his protege's anyway. But it will never be the same without him!

Watch on 1.5 speed

💤lol

Agree 100%. Halfway through and just getting to the question 😴

Dave: “So how can I help you TODAY?” or “”What is your question?”

Yep…too boring. Couldn’t make it through this one.

The worst ones call in to ask how they can get their husband to make more money.

They save 50K a year from no daycare for the kids.That's why she doesn't work! And she cooks for the family and stares at the wall while her husband works 10 hours a day.

@@medi4027 Okay, so how about they put that 50K savings into a down payment on this house!

@@tmusa2002 It was sarcasm, she should work. Minimum wage can make 30K easy and a yearly Nanny would be 10K

@@medi4027 Sarcasm on my part, too! LOL. We are good at it, too. 😆

Yeah..the pause beforehand said it all.

@@TheAgentmigs that and avoiding the question at least twice before stuttering out an answer with caveats

Yes, because she kept hesitating

Yep that's a sucker bet. No way do I think they make that much.

Yeah, it's a NEW business...

That's what struck me to change. I've tried this bluntness with people and people get annoyed and shocked with me.

You can see how frustrated some commenters are getting with the caller from word one. And that's with a teeny tiny fraction of the number of interactions that Dave has had for decades in person and on the radio. As blunt as he can be, it's actually impressive that he has any sort of patience left at all.

Yes, because often times these callers waste resources (and wisdom) that could have otherwise been used on a humble caller.

yep, another caller who can't stop running their mouth

@@larissagonzales6075 Is your advice and approach unsolicited sometimes? I am very blunt and honest but I first tell people that they should prepare for that type of answer if they really want my advice.

She did NOT want to hear it.

TRUTH! He was like you have already justified this terrible mistake and she didn’t want to hear it

She knew exactly what she meant. She was just a deer caught in headlights.

When our culture is about emotions first and rationality never....you get this

Well they paid off debt so they thought this was the next logical step.

I'm 2hrs in and I still have no idea what her question is..

Does this lady ever get to the point??

🤣

@@wahinepaddler4 LOL. So true. All she wanted was for John and George to validate her stupid financial decision.

pan out*

I actually bet its 100k gross and not take home, she didn’t know an exact number and she’s also a stay at home mom

@@babbahassa She pretty much admitted his income is unstable.

@@babbahassa she won't be a stay-at-home mom for much longer unfortunately. In six to twelve months, they're going to owe $500K on a house they wouldn't be able to get $375K for.

Family income is less than 45k. Stupid and embarrassed.

HILARIOUS!!

😂😂😂

Me too! Having ramen noodles from the bag so I can prepare a healthier meal

But it's Suzanne's FOREVER HOME!! SHE HAS TWO BABIES AND NO JOB! AND SHE'S A VETERAN! AND SHE HAS BLESSINGS!

Ps i wish I had Santos' recipe for rice and beans. He was a cook at my first job and was from PR. Awesome

At their age, I actually agree with this!

Sometimes, if you need money, that's what you need to do.

Beans and rice is my favorite. Been there, done that!

Yep, she did both. Incredibly lame and trite

Relax

Well there is zero wrong with being a proud veteran and is part of the story as to how they can do no money down and have no PMI.

Bingo

Especially when lots of schools are indoctrinating kids. Not a good time to NOT be a very involved parent.

I'd rather have the average plane house and a well-raised family than the big house where both parents have to work 50 hours a week and never see the kids

You shouldn’t assume it was her convincing him. It might’ve been him convincing her.

@@tessaburnett5084 based on the way she was describing how she just loved the new purchase, it’s an educated guess to say this was her dream

@@tessaburnett5084 Yeah most of the time it’s women digging the men in a hole lol

@@minimalist_monk this is the leading cause of men digging literal holes to put their wife in....or oil tankers lol

How did this become her being the silly housewife spending all her husband’s money? Relax, sir.

This is correct! the payment will end up being $3k+/month. Not smart if they want to enjoy life like you mentioned!

No she probably Means the total Mortgage including all Those items is $2500

@@homesbyamina a 30yr loan payment on a $550k mortgage with escrow is way more than $2500.

@@BengalTiger47 not necessarily it depends on all the variables but potentially isn’t depending on rate and downpayment especially . My mortgage is not much more than that for a similar purchase price. I haven’t listened to this video in a while though but when I commented there must have been a pretty good indication that that’d the total mortgage . It’s also very possible that it’s not . Example : the P&I on a 550K price with 10% down = 2222.7. With PITI : 150 MI, $1500 insurance and $3500 taxes = 2789. If we were to put more money down , take away MI lower taxes , lower rate we could get it to $2500. We could also raise all of those things significantly and the payment would be way higher . So it depends !

He would be like.... so what's your question... 🤣

*have

@Anthony Harris 🤣🤣🤣 right

@Anthony Harris haha he’d be like beg them to get out of it

Im guessing they sold their previous house for a profit and used that money to pay off debt in one fell swoop. I just can't imagine that someone who sacrificed and really worked hard at paying off debt would ease right back into a half million dollars of debt.

Yeah, you are right, I didn't think of that, a person should know their take home pay how can you not know that? Everyone likes seeing the checks come in.

OMG!!!! YES!!!! THAT IRRITATED THE HECK OUT OF ME. IM IN CAPS FOR A REASON! IM SCREAMING IN THE INSIDE

Maybe they thought that their debt was paid off when it really wasn't.

😅 me too

How was she arrogant? I saw none of that

I would describe her as either nieve, entitled or financially inept. Housing prices are currently at (or near) their peak so within the next 12 months she will be underwater on the house. Any disruption in their income (or any type of significant life event) will cause their finances to quickly spiral out of control. Unfortunately many other people will be in this same situation as property values decline over the next few years.

31% of your take home pay isnt house broke at all , provided the pay is consistent every month

@@ladev91 Attitude. A know it all, already.

Yeah, a quick zillow search shows plenty of decent houses for the 450K range in that area.

Trying to win a house with $0 down against other buyers offers is probably impossible.

Her girls (and herself) deserve the best! /s

@@tylerschoulte7513 not as long as they have a valid approval letter from a VA lender

I bet the family she's wanting to be near is DREADING her moving close to them.

I know right not sure why he suggested that it made me pause

@@babbahassa my suggestion would have been to break the contract. Take a small loan (or sell a car) if need be to pay off any penalties. Just be honest with the seller and the Realtor that you got dreamy eyed and can't afford the house. Then chalk it up to "stupid" tax and start over doing it right.

The caller can afford the house!

Well the principle according to Dave is that if you can't afford to do it on a 15-year, then you can't afford to live in that house or that area. (Either that, or you need to save up for a bigger down payment). I think that's where George was going.

@@MichaelAnderson-wk1no that is very well known, yes. However, he didn't say break it because you cannot afford it, he basically said double down. Newer guy needs to work on wording..

"We just paid off our debt!" *Immediately adds over half a million dollars in debt.

With the VA funding fee they will probably be in negative equity

@@miraclemac7219 hahaha right? Does that not sound weird to them?

It’s secured debt, as long as their house doesn’t plummet in value, it doesn’t actually affect their net worth…

Yea seriously

Dave usually will make them get to the point. She’s giving too much backstory!

@@eazeetarget and future story.

On the one hand, yeah, it was kind of tooth gritting. On the other hand, it was kind of interesting to watch her just keep digging and digging and digging, and to see just exactly how deep of a hole she was willing to dig to justify her fantasy.

Yep. In the province I live in that basically means no home. So I’m moving out of the province down the road

Love this quote

Great Point!

Very true

They said increase income pretty clearly bro before the refinance part.

Yeah. . . .if she can ONLY get to the point. . .

THANK YOU for your comment!!! I can tell that the overwhelming majority of people leaving comments know nothing about veterans benefits which mean they didn’t serve our country🤦🏽‍♂️🤦🏽‍♂️🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸

That you can see the truth and admit it as a female makes you marriage material right there. Most women don´t even care about being right, they just want to feel good about being wrong. LOL

Not to say that it's anything wrong with it, because it could be a good characteristic in some situations, but it seems like women have very long and emotion driven backstories that they use to rationalize bad decisions. That's why she went on for so long before getting to the meat of the story and why she avoided the question when they asked what her take home was in context of a half million dollar mortgage. She drew a fantasy in her head that made sense and side stepped the hard facts that would have suggested that she do something different.

@@Julian-zc9vm I totally agree. She seemed like she wanted them to tell her the purchase was a good idea and she thought all her details would get her that answer.

She is looking for affirmation on her terrible decision.

To get u to see it from our viewpoint

It all started way back when I was just a wee little girl growing up on my grandparents farm in the rolling hills of Ireland…

This comment sent me laughing.. good one thanks

Right 🤣🤣🤣🤣 why I don't ask callers "how are you" never did.

Right 🤣

If you look at the area they are talking about they can they just need the nicest house with the biggest yeard and I bet with some very nice updates. They just are not thinking logically.

@@elizabetha8565 I don't disagree with you. 🙂 But I also kind of got the feeling that she wasn't being completely objective about their earnings...she kind of wavered in the beginning about her husband's business being "new"... Most of her behavior/words pointed to justifying poor choices.

The show will fail without Dave. The co hosts are acceptable for fill ins, but won't cut it on their own.

Totally agree. Dave has a way of just saying it.

It might be ok yet though. Dave had a lot of time to get to this point and most of the other personalities are young and/or newer to radio than Dave. They have time to get seasoned. 🤷🏼‍♀️

Yeah, I wonder what Dave sounded like back when. Like, probably less empathetic.

Lemme guess, they're from California

@@solusgamer164 🤣

I’m wondering how they qualified for the loan

She's a dreamer!

The real estate agent should be censored for even showing them such a place! If this loan goes through VA has also lost their minds and of course we will be picking up the bill when they can’t pay! Sad because neither one apparently learned anything in the military financial classes they are required to take either.

Their monthly payment will probably only be around $2500 a month, and that includes principal/interest/escrow. I have a 30 year VA loan at $400k and my payments are less than $2000 a month and I live not too far from where they are.

@@jordandowland7256 Caller doesn't have a paying job. Her husband has a shaky in come of 'maybe' $100K which is more like $30K. They have no down payment. This is how people lose everything, even when they have nothing.

We can only hope that an underwriter will be their hero, and save them from this stupid financial decision!!

VA approves over 500k loans. And they have no debt. Mortgage payment is only 30 percent of their take home. How is tjos a bad loan from a lenders point of view?

I bet 100k wasn't even an accurate number, more like an optimistic projection. New business's starting out just don't make 100k.

Absolutely. How did they even get that loan approved?? Hope it’s not too expensive to get out. Otherwise she needs to get back to work.

That was exactly my thought. I said that’s not bad, 2500 mortgage with 8k take home. But no way with nothing down it’s only that. Unless taxes are crazy cheap.

I also think that she lied about her net income. If they even earn $100k per year, I am sure that was gross. An even worst case is that her husband's business is one where the people pay him cash and they aren't setting aside money for taxes so she thinks that all of the money coming in is there's to play with and they will be in for a rude awakening when the tax man comes in April.

She may be going back to work just because of this dumb decision.

She knows this is bad, that’s why she’s calling a radio show.

"Mister Madison. What you just said, is one of the most...."

she's probably one of those "free spirits"

@@webfreakz Wherever there is a free spirit, there is a simp husband

@@TheLivedeath i'm afraid so, this gal is all over the place wow with her story

@@webfreakz yea free spirit stay at home wife

She will soon very soon

ha..hahahah!!!!!

Ha...hahaha...

Or just eating rice and beans lol

😂

Those kids will need therapy for life

It’s a blessing that they could do it...those kids will have a beautiful home to Make wonderful memories. Don’t be soo grumpy.

🤣🤣🤣 right

@@eckankar7756 🤣

@@dj912sent9 I guess you weren't listening to her

problem with people who do not work in the business - they only see the money coming in and not the expenses going out. I had the same problem with a girlfriend years ago. She once saw the accounts receivable sheet and couldn't understand why I didn't have new cars, a better house, etc etc etc. I ended up having to sit her down and show her ALL the books so she could understand. She never did.....we broke up a few months later. LOL

Thought of the same thing, doesn’t seem like they have a grasp on the rules and structure on a VA loan when they mentioned PMI.

Yes, that is the beauty of a VA backed loan. No down payment required. It's a Veteran benefit. Also, for anyone wondering, only one of you needs to be a Veteran, not both.

They’re trying to talk in Ramsey-ese so that they won’t jump down their throat

I just sold my mom's estate. In the state of Oregon the buyer can back out of the deal all the way up to signing closing documents with no reason other than they changed their minds. The seller cannot back out. It doesn't matter that they have signed earnest money, signed approval of the selling price or anything else.

Comments down below said closer to $3500.

How is 100k a year barely treading water?

😂😂😂😂

She’s so passive and unfocused, I’m concerned she wasn’t qualified.

Yes WAY worse than waterboarding.

I thought they said Spokane/Idaho region, not San Francisco!!!!

Depends where and what state you live in. Whole bunch in Az that are beautiful again depending where in Az.

It’s because she probably grew up without and wanted her kids to have what she couldn’t have

Nailed it, this is the problem, kids must go to a private school, they must have a big yard, they must have the best clothes etc etc

Can't believe she was in the military. A higher rank would've shut her up a long time ago.

@@TheLivedeath she probably was a higher ranking officer lol

With a 20% down payment 2.5k mortgage is like a 1mil house on a 30yr

Rent in North Idaho is $3000 a month for a house. $1800-$2500 for an apartment.

@@northwestmotoadventures999 Dont pick the best looking ones in the heart of the city then. I just checked and plenty of 2-3 bedrooms for 2k. Rent is the most you pay per month. Mortgage is the least you pay.

@@TheLivedeath The caller was talking about a house with property. 3k plus for acreage. I'm not looking for rental I'm selling my house and leaving North Idaho. The small towns have been overrun by the west coast states.

They're paying $300,000+ over 30 yrs