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What does it mean when it say that your mortgage is. – An example is you bought a home for $300,000 and putting 10% as a downpayment, your new mortgage would be $270,000. Houses have been known to decrease in value and if your house went down in value to $265,000, it means that the mortgage is underwater because you now owe $5000 more than the value.

Can You Sell Your Home Before Paying off Your Mortgage. – Why does this matter? Knowing your outstanding loan balance will help you come up with a selling price. What’s more, you’ll need to use the money from your home sale to pay off your mortgage loan. It’s also important to review your mortgage loan paperwork and look for due-on-sale clauses.

Negative equity – Wikipedia – In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being "underwater", and loans and borrowers with negative equity are said to be "upside down".

Underwater | Define Underwater at Dictionary.com – Underwater rover Nereus was lost to the deep last month, and it’s not the first.

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Foreclosures Are Down: What That Means for You – But if you’re a buyer, what does that mean. the balance of the mortgage and the borrower can’t make the monthly loan payment or pay back the full balance of the loan.) Plus, a lot of homeowners can.

Number of seriously underwater’ mortgages in Phoenix area shrinking – PHOENIX – The Phoenix area has a lower rate of mortgages considered “seriously underwater” than the rest of the nation. “It’s not rising as fast as it was as home price appreciation does start to.

Underwater | Definition of Underwater by Merriam-Webster – 1: owing more on a mortgage loan than the property securing the loan is worth underwater homeowners 2 : being or relating to a mortgage loan in which more is owed than the property securing the loan is worth underwater mortgages underwater properties

PDF Frequently Asked Questions- Underwater Georgia – 1. What does underwater mean? Underwater means you owe more on the home than it is worth, also referred to being upside down on the mortgage or having negative equity. For example, if you owe $100,000 on your home but it is only worth $80,000, that’s underwater. To be considered for this program, you must be significantly underwater (110% loan

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How to Define "Underwater Mortgage" | Home Guides | SF Gate – If a homeowner does not have significant equity, the refinance may cause the mortgage to go underwater. A mortgage can become underwater also if home values go down.