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Mint should enable home values to calculate true net worth
It's great that Mint now supports mortgages, but what about a way to put in home values to offset the mortgage to get to true net worth?
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Tell me when this idea gets some attention.
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The more people who like this idea, the more it gets noticed.
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As of mid January, you can now add home values to Mint.com.
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Inappropriate?I am sure this will be looked at for an enhancement down the road.1 Comment Add a comment
This is one of the best points
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thanks, glad to hear it. It sucks seeing my net worth as so negative right now! -
Inappropriate?I just signed up for Mint.com and generally like it, but I was also surprised to find that most of my net worth vanished when I put in my mortgage, since I actually have a fair amount of equity in the home. It's not really very useful to have a net worth figure that isn't "net."
Hope the Mint.com folks can work to get this done sooner rather than later.
Thanks,
Richard
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this is one of the best points
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This is one of the best points
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Despite of the cyclical changes happens in the economy it appears the FHA does not have enough resources to properly screen lenders. This could create something disastrous in the future. If the FHA can’t tell shady lenders from legitimate ones, we will end up fighting another round with predatory lenders and home foreclosures as a result. How can the FHA repair the mortgage crisis when they are obviously in need of reform? Housing markets, especially in places like California where home values are down, are going to need a huge payday loan, a stronger HUD enforcement, and more FHA appraisers who actually meet the requirements to get the housing crisis under control. I think the Obama administration should definitely use a part of the TARP funds to straighten this mess out. You can find out more about what’s going on in the housing market from this article on the payday loan money blog at PersonalMoneyStore.com.
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Inappropriate?Richard,
Sooner is a pretty subjective term, but that's the term we'd use.
Thanks,
Justin
I’m busy as a bee
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Inappropriate?Hi Sean,
We are looking at some options to help our users to understand the value of their property. I hope to have an exact date that we can share soon.
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Inappropriate?it's exactly how I feel about it
if you can't estimate the home value, you could start by letting users add in "assets" using their own estimates -
Inappropriate?Bank of America uses Zillow's Zestimate for this feature -
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Inappropriate?I like this idea as well as I have one question about home loans.Which home loan is best? SBI rates are higher than ICICI but people suggest the SBI, Why?
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this is one of the best points
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Inappropriate?I'm already using it...awesome add
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