<p>There a place to put how much you owe. Then a place to put when your home was purchased and the original purchase price. We built ours....do you put the year it was built for when was purchased and for the original purchase price, do we put the original loan? The amount owed now is considerably higher after refinancing. Thanks!!!</p>
<p>You built yours, like you and your family members actually cut the boards and hammered them up, etc. so there was no labor component? That’s a new one.</p>
<p>Send an email to the college board asking what to do. They have people there who respond pretty quickly to questions. Then you have an answer you can rely on.</p>
<p>um..no. (well, we did help), but we had a construction loan. Is the year the house was built (for us) considered the year it was purchased? And the original loan, the purchase price?</p>
<p>OK, so you had a contractor build the house for you on land you already owned. I would add together the purchase price of the land and the contract price for construction, and call that the purchase price. The year the contractor handed you the keys was the year of construction. </p>
<p>The original loan amount is irrelevant now. What you owe on it the instant you file the Profile is what goes in that blank.</p>
<p>That’s about what I thought! Thanks!</p>