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  2. What is negative equity? A guide to underwater mortgages - AOL

    www.aol.com/finance/negative-equity-guide...

    For example, let’s say that your current mortgage loan balance is $360,000. But your home is only worth $300,000. In that case, you would have negative equity of $60,000.

  3. How to refinance an underwater mortgage - AOL

    www.aol.com/finance/refinance-underwater...

    An underwater mortgage, also known as negative equity, is when you owe more on your home loan (either a primary or a second mortgage) than the property is currently worth. In other words, the ...

  4. Underwater mortgage: What it is and what to do - AOL

    www.aol.com/finance/underwater-mortgage...

    It’s also known as having negative equity. For example, say Jane bought her home for $300,000, made a $30,000 down payment and borrowed $270,000. ... Talk to a few mortgage refinance lenders to ...

  5. Negative equity - Wikipedia

    en.wikipedia.org/wiki/Negative_equity

    Negative equity is a deficit of owner's equity, occurring when the value of an asset used to secure a loan is less than the outstanding balance on the loan. [1] 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".

  6. Home Affordable Refinance Program - Wikipedia

    en.wikipedia.org/wiki/Home_Affordable_Refinance...

    The Home Affordable Refinance Program (HARP) was created by the Federal Housing Finance Agency in March 2009 to allow those with a loan-to-value ratio exceeding 80% to refinance without also paying for mortgage insurance. Originally, only those with an LTV of 105% could qualify.

  7. Subprime mortgage crisis - Wikipedia

    en.wikipedia.org/wiki/Subprime_mortgage_crisis

    As of March 2008, an estimated 8.8 million borrowers – 10.8% of all homeowners – had negative equity in their homes, a number that is believed to have risen to 12 million by November 2008. By September 2010, 23% of all U.S. homes were worth less than the mortgage loan. [75]

  8. Home equity data and statistics: Why they matter to ... - AOL

    www.aol.com/finance/home-equity-data-statistics...

    Homeowners have negative equity — also known as being underwater or upside down — when they owe more on their mortgage than their home is worth. For example, if you had an outstanding loan ...

  9. Negative Equity: Options If You're Upside Down in Your Mortgage

    www.aol.com/news/2010-11-05-negative-equity...

    More Americans find themselves in a position of negative equity -- owing more on a mortgage than the home is currently worth. By itself, negative equity isn't necessarily trouble. Those who can ...

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