View Poll Results: Just how much did you borrow to buy/build your house?
<= $150,000
19
18.10%
<= $200,000
13
12.38%
<= $250,000
14
13.33%
<= $300,000
11
10.48%
<= $350,000
13
12.38%
<= $400,000
5
4.76%
<= $450,000
16
15.24%
<= $500,000
3
2.86%
<= $550,000
3
2.86%
> $550,000
8
7.62%
Voters: 105. You may not vote on this poll
How big is your mortgage?
May 1st 2008, 12:08 am
#1
Oiiii.. You slaggg!
Thread Starter
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
How big is your mortgage?
Just how much did you borrow to attain the "dream"?
May 1st 2008, 12:27 am
#3
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: How big is your mortgage?
$250k - now all paid off.
May 1st 2008, 12:52 am
#5
Oiiii.. You slaggg!
Thread Starter
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
May 1st 2008, 1:06 am
#6
BE Enthusiast
Joined: Feb 2006
Posts: 666
Re: How big is your mortgage?
149k
Almost a year ago.
125k remaining
Almost a year ago.
125k remaining
May 1st 2008, 1:23 am
#7
Forum Regular
Joined: Aug 2005
Posts: 41
Re: How big is your mortgage?
We had a miserable "endowment" mortgage in UK.Owed 41K pounds on it,when we sold the house in 2003 ,we paid back 42K pounds!
In WA we needed to borrow 168K$(approx 68 K pounds) I wasnt happy at all,BUT, I bought the Anita Bell book called "Your mortgage and how to pay it off in 5 years" because I wanted to challenge it-we put it into practice,still managed 2 UK hols , didnt deprive ourselves,(we have both working class jobs) and hey presto-It was gone & paid off in 4 years & 2 months!
It can be done-just try & resist the urge to buy expensive vehicles,and KNOW thy weaknesses!
In WA we needed to borrow 168K$(approx 68 K pounds) I wasnt happy at all,BUT, I bought the Anita Bell book called "Your mortgage and how to pay it off in 5 years" because I wanted to challenge it-we put it into practice,still managed 2 UK hols , didnt deprive ourselves,(we have both working class jobs) and hey presto-It was gone & paid off in 4 years & 2 months!
It can be done-just try & resist the urge to buy expensive vehicles,and KNOW thy weaknesses!
May 1st 2008, 1:30 am
#8
Lost in BE Cyberspace
Joined: May 2006
Posts: 6,600
Re: How big is your mortgage?
We had a miserable "endowment" mortgage in UK.Owed 41K pounds on it,when we sold the house in 2003 ,we paid back 42K pounds!
In WA we needed to borrow 168K$(approx 68 K pounds) I wasnt happy at all,BUT, I bought the Anita Bell book called "Your mortgage and how to pay it off in 5 years" because I wanted to challenge it-we put it into practice,still managed 2 UK hols , didnt deprive ourselves,(we have both working class jobs) and hey presto-It was gone & paid off in 4 years & 2 months!
It can be done-just try & resist the urge to buy expensive vehicles,and KNOW thy weaknesses!
In WA we needed to borrow 168K$(approx 68 K pounds) I wasnt happy at all,BUT, I bought the Anita Bell book called "Your mortgage and how to pay it off in 5 years" because I wanted to challenge it-we put it into practice,still managed 2 UK hols , didnt deprive ourselves,(we have both working class jobs) and hey presto-It was gone & paid off in 4 years & 2 months!
It can be done-just try & resist the urge to buy expensive vehicles,and KNOW thy weaknesses!
I'm also on a financial self-help bint having been recommended to read 'The Barefoot Investor'. Excellent book explained in clear concise english for anybody looking to escape the credit crunch.
what on earth were we thinking
May 1st 2008, 1:40 am
#10
BE Forum Addict
Joined: Aug 2006
Location: WA but NOT Perth!!!!!
Posts: 3,318
Re: How big is your mortgage?
our current house the mortgage is only $85K
we are moving soon though and had to borrow another $146K
still, not too bad I guess and hopefully manageable (as long as they dont keep putting the rates up!!)
we are moving soon though and had to borrow another $146K
still, not too bad I guess and hopefully manageable (as long as they dont keep putting the rates up!!)
May 1st 2008, 1:40 am
#11
BE Forum Addict
Joined: Jun 2003
Location: Sydney beachside
Posts: 3,505
Re: How big is your mortgage?
Haven't had a mortgage on our house for 16 years 
.
Paid the mortgage we had on our previous house off completely (took six years), and paid cash for the next house. It's not impossible to do, if you set your mind to it - just put all spare cash into the mortgage.
Just paid the mortgage off on an investment property, too (took seven years).
In both cases they were 25-year mortgages.
. Paid the mortgage we had on our previous house off completely (took six years), and paid cash for the next house. It's not impossible to do, if you set your mind to it - just put all spare cash into the mortgage.
Just paid the mortgage off on an investment property, too (took seven years).
In both cases they were 25-year mortgages.
May 1st 2008, 1:55 am
#12
Forum Regular
Joined: Dec 2007
Location: Singleton, NSW
Posts: 160
Re: How big is your mortgage?
Borrowed NZ$90,000 in April 2004.
Now is NZ$4,200 and falling rapidly. Should be paid off by next payday.
Now is NZ$4,200 and falling rapidly. Should be paid off by next payday.
Last edited by bjddavies; May 1st 2008 at 1:58 am.
May 1st 2008, 1:56 am
#13
Oiiii.. You slaggg!
Thread Starter
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
Re: How big is your mortgage?
We are now paying $400 p.m. extra on our mortgage since taking it out in December '06. I'm hoping to God that at the very least the interest rates don't go up anymore.
May 1st 2008, 1:57 am
#14
Account Closed
Joined: Jun 2007
Posts: 8,913
Re: How big is your mortgage?
My house is crap too, wouldn't mind if it was a mansion
May 1st 2008, 2:27 am
#15
Oiiii.. You slaggg!
Thread Starter
Joined: Feb 2004
Location: Brisbaneshire
Posts: 5,209
Re: How big is your mortgage?
Well, you weren't as mad as us. Just as we thought we getting on top of things again (after I changed from being a permy to a contractor) the interest rate rises have put us firmly back at square 1 again.