Well, it isn't binding or anything - but it does look okay.
SilverWarder Send a noteboard - 08/07/2010 02:38:08 PM
Now I just have to get through Amy's thick head that 'equity' does not mean 'market value'.
She's looking only at the value of the house (which I owned for nearly 20 years before she came on the scene) and conveniently forgetting how much is owed on it and the fact that we increased that during a refinance.
She's still going to be entitled to some cash depending on the current market value of the house. If we can get an (optimistic but not impossible) estimate of 160k for it, then her share of the increase during our relationship for the whole financial net-worth should be around 13k by my estimation. If we can get more for it, wonderful - that amount goes up. If it's closer to the pessimistic value of 145-150k then it goes down.
Regardless I have to decide whether to refinance it or to sell it and buy something else. There is a house for sale in my dream neighbourhood of Wildwood Park but I don't know if I could afford it even with the sizeable down payment I'd be able to make.
She's looking only at the value of the house (which I owned for nearly 20 years before she came on the scene) and conveniently forgetting how much is owed on it and the fact that we increased that during a refinance.
She's still going to be entitled to some cash depending on the current market value of the house. If we can get an (optimistic but not impossible) estimate of 160k for it, then her share of the increase during our relationship for the whole financial net-worth should be around 13k by my estimation. If we can get more for it, wonderful - that amount goes up. If it's closer to the pessimistic value of 145-150k then it goes down.
Regardless I have to decide whether to refinance it or to sell it and buy something else. There is a house for sale in my dream neighbourhood of Wildwood Park but I don't know if I could afford it even with the sizeable down payment I'd be able to make.
May God stand between you and harm in all the empty places you must walk.
Old Egyptian Blessing
Old Egyptian Blessing
Well, that went not badly actually
- 08/07/2010 04:36:12 AM
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Grand.
- 08/07/2010 10:53:39 AM
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Grand.
- 08/07/2010 10:53:39 AM
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Well, it isn't binding or anything - but it does look okay.
- 08/07/2010 02:38:08 PM
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In my opinion...
- 08/07/2010 02:42:24 PM
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Maybe -
- 08/07/2010 03:19:06 PM
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you could always ask? *NM*
- 08/07/2010 03:47:42 PM
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You would like Scotland.
- 08/07/2010 09:53:44 PM
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Yeah, that does seem a bit more fair to me
- 08/07/2010 10:11:18 PM
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I don't know the details, but it sounds like that's how it works in England.
- 08/07/2010 11:03:12 PM
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i don't mean to sound pessimistic, but...
- 09/07/2010 01:35:35 AM
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One of the good things that's going into the court approved agreement
- 09/07/2010 03:20:48 AM
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