Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

Mom Confessions Mom Confessions

How much more do you owe on your mortgage?

Posted by Anonymous   + Show Post
Is your home still worth more than what you paid for it? Home prices are creeping up again.
Posted by Anonymous on Jul. 31, 2013 at 3:05 PM
Replies (11-20):
poietes
by Platinum Member on Jul. 31, 2013 at 3:12 PM
120000 left on 160000. I dont know if the value has changed or not. We've done some improvements but we just bought it a year ago.
Anonymous
by Anonymous on Jul. 31, 2013 at 3:13 PM

We only owe $87,000. 

SouthernMamaof1
by Gold Member on Jul. 31, 2013 at 3:14 PM

 I bought my house 8 years ago (before the housing market crashed).  I paid 120,000.  I owe 108,000.  It's now worth 100,000.  I'm screwed.

I'm in the process of applying for a modified mortgage due to financial hardship. DH is unemployed.  If I get it, it will lower my interest rate.  I don't qualify for traditional refinancing due to owing more than it's worth.  I also don't qualify for the speicific type of refinancing that obama put in place because my loan is not owned by the right banks.

Anonymous
by Anonymous on Jul. 31, 2013 at 3:15 PM
Building is the only way to go! I have my dream home for a lot less then what we would have paid for a brand new home that did not meet all of our expectations!!


Quoting Anonymous:

Same boat but our numbers aren't quite as high lol



Quoting Anonymous:

We built our house, paid about 350k$ and it was appraised at 575k! So we are definitely not underwater!

Anonymous
by Anonymous on Jul. 31, 2013 at 3:16 PM

We owe $40,000.00 left on the mortgage. 

Anonymous
by Anonymous on Jul. 31, 2013 at 3:17 PM

 Oh that sucks. I was lucky to qualify for HARP 2.0 to refinance. It took forever to qualify and get the ball rolling though.

Quoting SouthernMamaof1:

 I bought my house 8 years ago (before the housing market crashed).  I paid 120,000.  I owe 108,000.  It's now worth 100,000.  I'm screwed.

I'm in the process of applying for a modified mortgage due to financial hardship. DH is unemployed.  If I get it, it will lower my interest rate.  I don't qualify for traditional refinancing due to owing more than it's worth.  I also don't qualify for the speicific type of refinancing that obama put in place because my loan is not owned by the right banks.

 

Anonymous
by Anonymous on Jul. 31, 2013 at 3:18 PM

We paid in full and our house is worth about $120k less than what we paid for in 2005.

smcnee
by Bronze Member on Jul. 31, 2013 at 3:19 PM
0, no mortgage, never had one
LuvmyAiden
by Silver Member on Jul. 31, 2013 at 3:20 PM

We only owe about 70k and it's worth 100k or so.

Anonymous
by Anonymous on Jul. 31, 2013 at 3:20 PM
We have about 69,000 left and it is worth 130,000 right know.
Add your quick reply below:
You must be a member to reply to this post.
Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)