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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 (91-100):
Jscott1216
by Silver Member on Jul. 31, 2013 at 5:57 PM
We just bought it a few months ago and it appraised at 100,000 and we paid 93,250. We also plan on doing some updating over time. Kitchen, bathroom, flooring, landscaping and one window in the house that was never replaced like the rest. I anticipate it will either increase or at the very least stay.
jemmyeve
by Bronze Member on Jul. 31, 2013 at 5:58 PM
we re mortgage free since 2010. we bought it at 285k. it s been valued at 310k earlier this year
wkukid
by Beach Bum on Jul. 31, 2013 at 5:58 PM

Around 300k. It's worth quite a bit more because of additions and upgrades.

Anonymous
by Anonymous 34 on Jul. 31, 2013 at 5:59 PM
Principal Balance owed is $91,044.37. We paid 89,500. Bought in March. It appraised for $92,000.
CelestialSong
by on Jul. 31, 2013 at 5:59 PM

A little less than $60k. The house is worth more, but I don't know exactly how much more. We'll be getting it appraised within the next few months, and we'll either sell it or rent it out depending on how much we could get for it.

Anonymous
by Anonymous 1 - Original Poster on Jul. 31, 2013 at 6:06 PM

We live on Long Island(and home prices are going up here).  We have been looking at home prices in Florida and those prices are up as well  We paid 110,000 in 1995(brand new ranch) and before the crash it was worth about 300k, which is low for this area.  We don't have a mortgage anymore, just those high school/property taxes.  We will sell within the next 6 yrs, but the house does need work

MooreBoysMama
by Silver Member on Jul. 31, 2013 at 6:06 PM
We bought it in 2000 for $180,000 and it apprised for $369,000 last month.

We owe $140,000.
Anonymous
by Anonymous 35 on Jul. 31, 2013 at 6:08 PM

We owe around 320k still.  Prices here are pretty stable.  They went up about 50k, then dropped about 10k and now back up.  Unfortunately houses here are far too pricey.  Average 20yr old house in the suburbs is around 600k, a shack on a tiny lot or a bare lot in the city is well over 1M. Ticks me off, I was born and raised in the city but cannot ever afford to live where I want, so I'm out in the suburbs, which are okay but still overpriced!

Anonymous
by Anonymous 36 on Jul. 31, 2013 at 6:11 PM
My home is valued at 230k, I owe 112k I believe. Thinking about selling and building again. Want a smaller house now that I'm divorced and don't have a husband and three step kids here, and could use more acreage for horses lol.
SpiritedWitch
by Froggie on Jul. 31, 2013 at 6:14 PM

I think there is $80k on the mortgage. I have no idea how much his parents paid for the house originally. They had it built.

I guess we will find out soon when we get an appraisal to get a loan. Hopefully it will appraise for at least $90k so we can have a little to do some work that needs to be done. 

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