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January 15, 2010

What To Do If Your Mortgage is Under Water

Filed under: Home Loan Basics - 15 Jan 2010

With over 20% of all homeowners being upside down with their mortgage, it’s no wonder that lots of people are starting to ask if it’s really worth staying in a home that’s worth much less than the mortgage they …

October 13, 2009

The Upside-Down or Underwater Mortgage

Filed under: Home Loan Basics - 13 Oct 2009

What does it mean when a home loan is said to be “upside-down” or “underwater”?