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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 7 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 5 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 8 on Jul. 31, 2013 at 3:16 PM

We owe $40,000.00 left on the mortgage. 

Anonymous
by Anonymous 2 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 9 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 on Jul. 31, 2013 at 3:20 PM

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

Anonymous
by Anonymous 10 on Jul. 31, 2013 at 3:20 PM
We have about 69,000 left and it is worth 130,000 right know.
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