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For homeowners...?? about yout mortgage
We are refinancing, getting a lower rate and taking some $$ out...but I'm nervous to increase the amount of our mortgage.
Anyone mind sharing what their home is worth and how much their mortgage is, or what % of the value is your mortgage?
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Posted 7/25/05 4:45 PM  |
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sasha96
lovin' my 2 little ladies!
Member since 5/05 7401 total posts
Name:
Julianne
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Re: For homeowners...?? about yout mortgage
Our mortgage is about 66% of the price we bought it for. We were fortunate enough to be able to put over 33% down (thus bringing down the payments). I would say that you have to feel comfortable with the payments and what you plan to do with the money. If you are doing a renovation or addition, think of how that will increase you home's value!
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| Posted 7/25/05 6:25 PM |
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btrflygrl
me and baby #3!
Member since 5/05 12013 total posts
Name:
Shana
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Re: For homeowners...?? about yout mortgage
I don't know about %age..but we paid $128,400 for our house, it was appraised at $$134,000 before we closed and we put down 5% I think, so our mortgage is for about $123,000
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| Posted 7/25/05 7:26 PM |
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dengal
Dad of Twins
Member since 5/05 1385 total posts
Name:
The 80's Man
Let's Go Mets!
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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%
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| Posted 7/26/05 3:51 PM |
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Bxgell2
Perfection
Member since 5/05 16438 total posts
Name:
Beth
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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.
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| Posted 7/26/05 4:23 PM |
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LMFitz
life is good
Member since 5/05 2013 total posts
Name:
L
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Re: For homeowners...?? about yout mortgage
Including my equity line, our mortgage(s) is 48% of the current value of the house.
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| Posted 7/26/05 4:26 PM |
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Tah-wee-ZAH
Kisses
Member since 5/05 15952 total posts
Name:
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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.
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| Posted 7/27/05 10:19 AM |
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MommaG
Yay Spring!
Member since 5/05 5133 total posts
Name:
Gloria
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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.
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| Posted 7/28/05 3:10 PM |
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