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For homeowners...?? about yout mortgage

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Scotty-CassidysMom
and Dylan too!

Member since 5/05

4331 total posts

Name:
Stacy

For homeowners...?? about yout mortgage

We are refinancing, getting a lower rate and taking some $$ out...but I'm nervous to increase the amount of our mortgage.

Anyone mind sharing what their home is worth and how much their mortgage is, or what % of the value is your mortgage?

Posted 7/25/05 4:45 PM
 
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sasha96
lovin' my 2 little ladies!

Member since 5/05

7401 total posts

Name:
Julianne

Re: For homeowners...?? about yout mortgage

Our mortgage is about 66% of the price we bought it for. We were fortunate enough to be able to put over 33% down (thus bringing down the payments). I would say that you have to feel comfortable with the payments and what you plan to do with the money. If you are doing a renovation or addition, think of how that will increase you home's value!

Posted 7/25/05 6:25 PM
 

btrflygrl
me and baby #3!

Member since 5/05

12013 total posts

Name:
Shana

Re: For homeowners...?? about yout mortgage

I don't know about %age..but we paid $128,400 for our house, it was appraised at $$134,000 before we closed and we put down 5% I think, so our mortgage is for about $123,000

Posted 7/25/05 7:26 PM
 

dengal
Dad of Twins

Member since 5/05

1385 total posts

Name:
The 80's Man
Let's Go Mets!

Re: For homeowners...?? about yout mortgage

Our mortgage is about 55% of the value of the house. At the time of purchase it was 65%

Posted 7/26/05 3:51 PM
 

Bxgell2
Perfection

Member since 5/05

16438 total posts

Name:
Beth

Re: For homeowners...?? about yout mortgage

We bought our house for $240k, but our mortgage is for $190k (LOVE living in PA - houses are affordable!!) I guess about 80% of the mortgage price.

Posted 7/26/05 4:23 PM
 

LMFitz
life is good

Member since 5/05

2013 total posts

Name:
L

Re: For homeowners...?? about yout mortgage

Including my equity line, our mortgage(s) is 48% of the current value of the house.

Posted 7/26/05 4:26 PM
 

Tah-wee-ZAH
Kisses

Member since 5/05

15952 total posts

Name:

Re: For homeowners...?? about yout mortgage

DH bought the house in 1998 for $150K and he put down $30K back then. Comps in the area are now selling for $450K to $475K. Ours would be on the higher end with a new kitchen and bathroom. We have a lot more equity than what we owe.

Posted 7/27/05 10:19 AM
 

MommaG
Yay Spring!

Member since 5/05

5133 total posts

Name:
Gloria

Re: For homeowners...?? about yout mortgage

I bought my home about eight years ago, and two years ago refinanced to a 15 year mortgage. I had put down 20% when I purchased, but since the price of my house has more than doubled since I bought it, my mortgage is about 30% right now.

Posted 7/28/05 3:10 PM
 
 

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