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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 (21-30):
Dawn4175
by Gold Member on Jul. 31, 2013 at 3:20 PM
We owe a little over $13,000.
Anonymous
by Anonymous 11 on Jul. 31, 2013 at 3:20 PM
42000ish owed, paid 45000 appraised at 53000
Anonymous
by Anonymous 12 on Jul. 31, 2013 at 3:21 PM
2 moms liked this

We owe $0. Just pay property taxes every year. We bought our home outright.

SouthernMamaof1
by Gold Member on Jul. 31, 2013 at 3:21 PM

 I don't qualify for HARP because your loan has to be owned by or guarded by frannie mae or freddie mac. I tried!

Quoting Anonymous:

 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.

 

 

meg0620
by Gold Member on Jul. 31, 2013 at 3:21 PM
I want to build a house! Idk how all that works though. Lol. We're renting for now. But we want to build instead of buy.


Quoting Anonymous:

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 13 on Jul. 31, 2013 at 3:22 PM

We bought before the housing market crashed.  We got a mortgage on $170,000.  We owe $160,000.   The house last appraised for $147,000.   Everything I'm reading says the market is rebounding and values will be back up in the next 3-5 years.  I sure hope so!!! 

redheadstar
by Ruby Member on Jul. 31, 2013 at 3:23 PM
1 mom liked this

When we bought our house it was a cash deal,   we fixed it up and the value is now twice what we paid for it

bluebunnybabe
by Ruby Member on Jul. 31, 2013 at 3:23 PM
1 mom liked this
$000000.00!!!
It better be worth more than what we owe! Lol
SpiritFortress
by Gold Member on Jul. 31, 2013 at 3:23 PM
1 mom liked this

I owe nothing because I paid in full when I bought it. I try to avoid banks having their greedy paws in anything I do. 

Anonymous
by Anonymous 14 on Jul. 31, 2013 at 3:27 PM
186k, and no. I swear I bought this bitch the day before the market crashed. Fucking bad decision.
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