(Closed) Home and mortgage

posted 5 years ago in Home
Post # 3
6702 posts
Bee Keeper
  • Wedding: September 2011 - Baby boy 12/2015

We are not homeowners yet, but I am sure they are both different values. Good question, I hope someone has some answers.

Post # 5
9216 posts
Buzzing Beekeeper
  • Wedding: August 2013 - Rocky Mountains USA

@Holly77:  I have info for you! We bought our house last year for 130,000 and paid 10% down – so 117,000 loan. We’ve paid off only ~2,000 (stupid mortgage payments going to interest), so we still owe 115,000 or so.

Post # 6
4804 posts
Honey bee
  • Wedding: August 2012

Our home is worth $285,000. We owe about $240,000. It’s the most expensive housing market in Canada. I don’t think we will ever be mortgage free.

Post # 7
10367 posts
Sugar Beekeeper
  • Wedding: September 2010

Our home is worth a little over $500,000. We owe about $376,000 (just bought it in November).

Post # 8
231 posts
Helper bee
  • Wedding: September 2013

In the uk, so in pounds rather than dollars (hope that is ok) house valued at £220,000. Mortgaged £175,000. Been paying the mortgage 8 months and only knocked off £900 off the capital, the rest was interest, could of cried lol. 

Post # 9
786 posts
Busy bee
  • Wedding: August 2012

Our house is worth $575,000..  Our mortgage is around $404,000..  Seems never ending..

Post # 10
1401 posts
Bumble bee
  • Wedding: November 2011

Ours is worth £285k, and we owe about £91k. Sigh. I hate owing money. 

Post # 11
411 posts
Helper bee
  • Wedding: November 2014

Worth around 550,000… owe around 400,000. The sad part is that we’re in one of the most expensive areas in the country. Our house is only about 800 square feet!

We’re planning on moving somewhere with more land/ more square footage out of state in a couple of years though 🙂

Post # 12
261 posts
Helper bee
  • Wedding: April 2013

Fiance and I just bought a house last year but we didn’t put a lot down on it.  We only put 3% down since we were able to take advantage of being first time home owners.  We have A LOT left on our mortgage and it makes me sad. 😛  

Post # 13
9056 posts
Buzzing Beekeeper
  • Wedding: June 2010

We purchased our home (860 Sq ft apartment) in 2007 for $245,000.  This year’s property tax assessment says it’s worth $220,000 today, but in a best case we think we could sell for MAYBE $200,000 market value.  However, it currently has a special assessment against it because the building is sinking so we’d probably have to pay the seller an additional $60,000 to set aside for the lifting if the court case doesn’t come out that it was the developer’s fault/covered by insurance.  So, “worth” $140,000, and we owe $160,000.

Post # 15
7312 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

I think many bees may feel uncomfortable giving exact numbers. We owe 77.4% of our home’s value. We’re reasonably satisfied with that amount, considering that we haven’t even owned our home for a year.

Post # 16
234 posts
Helper bee
  • Wedding: November 2012

We are at 65% LTV on our rental property, and 43% in the condo we live in, BUT they were both in realllly bad shape and foreclosures (think holes in walls and ceilings bad), so we bought them cheap and have put a ton of work into them! 

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