Question Regarding CSS Profile

Paying for College
1

Parent Housing Details

Provide the following information about the student’s parents’ home.

Monthly housing payment* ()
Home purchase year* ()
Home purchase price* ()
Current market value* ()
Amount owed on home* ()
Amount owed on the primary mortgage for this home* ()

My parents refinanced their home 5 years after they purchased the home (home cost 169k and they put down payment 30k) they now owe $265k after the refinancing.

So how are we supposed to know the amount owed on the primary mortgage for this home?

2

If they refinanced from the original mortgage to a new mortgage and that’s the only mortgage they now have, then that new mortgage is the primary mortgage and the answer to your question is $265k.

3

okay thank you!