Tag Archives: Underwater Mortgage

The Upside-Down or Underwater Mortgage

You may have heard a lot of talk and news stories about homeowners having “upside-down” or “underwater” mortgages. But what’s that really mean? When you are upside-down or underwater in your home loan or mortgage it means that you owe the bank or lending institution more money than your home is currently worth. There is probably nothing you… Read More »