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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.
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 ...
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 ...
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 ...
Mortgage and refinance rates for Dec. 12, 2024: Rates retreat despite stubborn inflation, with 30-year fixed terms at 6.73% ... Learn how to get equity out of your home as rates come down. Editor ...
See today's average mortgage rates for a 30-year fixed mortgage, 15-year fixed, jumbo loans, refinance rates and more — including up-to-date rate news.
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