Couple struggling to pay off $105K HELOC wants to turn it into a mortgage. Why The Ramsey Show doesn't support this idea

It didn’t take long for the hosts to figure out what was really going on. Despite taking out a large loan, Josh and his wife were still spending and saving as if they were debt-free, making the bare minimum payments on the HELOC and growing frustrated with the lack of progress.Cruze doubled down on this line of questioning and asked Josh how much extra he could afford to pay per month in order to pay off this debt a little quicker. When Josh replied with “$500 a month,” the hosts had one simple question: “W ...