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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. When should you refinance your mortgage? - AOL

   www.aol.com/finance/refinance-mortgage-152541677...

   Refinancing a mortgage involves swapping out your current home loan for a new one, often with a different rate and term. The process is similar to when you initially purchased your home. Our ...

4. Home equity data and statistics: Why they matter to homeowners

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

   At $314.1 billion, the national aggregate value of negative equity was down in Q3 of 2023 — a $22.3 billion decrease quarter-over-quarter. The number of underwater mortgages decreased by 8% year ...

5. Refinance appraisal: How it works and what to expect - AOL

   www.aol.com/finance/refinance-appraisal-works...

   If the appraisal shows your home value has gone up, you may be eligible for a lower interest rate or be able to get more cash out in a refinance. Finally, if your home value has increased, it can ...

6. Mortgage refinance: What is it and how does it work? - AOL

   www.aol.com/finance/mortgage-refinance-does...

   To refinance a mortgage, you’ll pay between 2 and 5 percent of the loan amount in closing costs, so if you’re refinancing to save money, you’ll need to calculate your break-even point.

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

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

   When you owe more on your mortgage than your house is worth, the loan is referred to as 'underwater,' or in a state of negative equity. Having an underwater mortgage makes it harder to sell the ...