The Ramsey Show

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Common Sense Beats Clever Money Hacks

Explore episode Aug 5, 2026
Business
TikTok Loan Assumptions Are Mortgage Fraud

Common Sense Beats Clever Money Hacks · Aug 5, 2026 Business

Fully assumable loans disappeared in the early 1980s. Every modern mortgage has a due-on-sale clause that lets the lender call the entire loan the moment title transfers without their consent. The TikTok 'contract for deed' workaround is fraud: the buyer has no insurance, no title, no protection — and deserves the foreclosure that follows.

Where this was said

NetSuite Ad & Health Trust Financial Ad

At 1:06:30 · chapter starts 1:03:40

Dave reads the NetSuite ad, noting Ramsey Solutions itself uses the platform, and promotes NetSuite Next's AI-integrated forecasting and account management tools. Health Trust Financial is then pitched as a no-pressure alternative to confusing insurance marketplace calls, with advisors who shop multiple top-rated carriers.

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