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evrythng4areason
And then there were 4
Member since 1/10 5224 total posts
Name:
Kayla
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How much do you owe on your home?
Just curious what the average is, taking no other variables into consideration.
Edit:
Norm was the wrong choice of word, but that's what happens late at night lol!
Message edited 2/20/2015 9:05:38 AM.
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Posted 2/19/15 10:01 PM  |
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LuckyStar
LIF Adult
Member since 7/14 7274 total posts
Name:
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How much do you owe on your home?
We bought 6 months ago, so....almost all of it after dp.
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| Posted 2/19/15 10:11 PM |
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ElizaRags35
My 2 Girls
Member since 2/09 20494 total posts
Name:
Me
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How much do you owe on your home?
High 200's. Been here for almost 3.5 years.
ETA: We put down almost 4%
Message edited 2/20/2015 10:14:27 PM.
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| Posted 2/19/15 10:35 PM |
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BAK217
LIF Infant
Member since 8/14 328 total posts
Name:
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Re: How much do you owe on your home?
Originally had a 30 year mortgage,
after 3 years we refinanced at a lower interest rate and took a 15 year mortgage....paid that off 
Owe nothing.....just taxes every year.
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| Posted 2/19/15 10:38 PM |
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Mrs213
????????
Member since 2/09 18986 total posts
Name:
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How much do you owe on your home?
I think that you will get a lot of different answers and there's no real "norm"
Some people did fha with little or no $$ down, some do 10 or 20% down and depends how long they are there
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| Posted 2/19/15 10:56 PM |
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mommy2Alex
3 babies for me :)
Member since 5/05 6683 total posts
Name:
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Re: How much do you owe on your home?
We bought in 2007 and put 20% down and still owe more than 300K. 
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| Posted 2/20/15 8:02 AM |
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alli3131
Peanut is here!!!!!!
Member since 5/09 18388 total posts
Name:
Allison
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How much do you owe on your home?
There won't be a norm as we all bought different priced home and differe and down payments.
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| Posted 2/20/15 8:05 AM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: How much do you owe on your home?
Posted by Mrs213
I think that you will get a lot of different answers and there's no real "norm"
Some people did fha with little or no $$ down, some do 10 or 20% down and depends how long they are there
I agree and I think the better question is how much equity does somebody have. How much you owe really doesn't tell the entire story on a situation.
Example: Somebody who owes 300k but their house is worth 800k is doing much better than somebody who owes 200k on a house only worth 275k.
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| Posted 2/20/15 9:41 AM |
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evrythng4areason
And then there were 4
Member since 1/10 5224 total posts
Name:
Kayla
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Re: How much do you owe on your home?
Posted by ave1024
Posted by Mrs213
I think that you will get a lot of different answers and there's no real "norm"
Some people did fha with little or no $$ down, some do 10 or 20% down and depends how long they are there
I agree and I think the better question is how much equity does somebody have. How much you owe really doesn't tell the entire story on a situation.
Example: Somebody who owes 300k but their house is worth 800k is doing much better than somebody who owes 200k on a house only worth 275k.
I realize this, but I was more curious as to what people owed. Obviously there is a "norm", as 40% owe 2-300k out of the 57 polled. That being said, I realize its not necessarily an accurate representation-but again, just curious.
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| Posted 2/20/15 12:29 PM |
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HomeIsWithU
Baby #2 on the way!
Member since 9/07 7816 total posts
Name:
Jenn
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Re: How much do you owe on your home?
We bought 4 years ago and put 20% down. We owe in the high $200k's.
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| Posted 2/20/15 1:07 PM |
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ISpoilHim
I think I got this
Member since 11/10 1523 total posts
Name:
K
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How much do you owe on your home?
Bought 3 years ago. We owe less than 230K, we have about 150K in equity.
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| Posted 2/20/15 4:34 PM |
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bella321
Blessed!
Member since 3/09 1952 total posts
Name:
Kristy
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Re: How much do you owe on your home?
Posted by BAK217
Originally had a 30 year mortgage,
after 3 years we refinanced at a lower interest rate and took a 15 year mortgage....paid that off
Owe nothing.....just taxes every year.
Wow!
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| Posted 2/25/15 6:03 PM |
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