Negative Equity and an Upside Down Mortgage
October 13, 2009 · Filed Under Mortgage Refinance
Owning a home that is worth less than you paid for it is bad. Making matters worse you could have a mortgage that has a balance or a combined balance that is greater then the value of your home. If this is the case then you have a negative equity mortgage or an upside down mortgage, whichever you prefer.
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