If you’ve found yourself unable to afford your mortgage payments, you’re not alone. In the real estate world, many people refer to this as an underwater mortgage. So what does that all-too-common ...
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How to refinance an underwater mortgage
Refinancing an underwater mortgage can be difficult, but not impossible. It’s easier if you have a government-backed loan such as an FHA, VA or USDA loan. It doesn’t always make sense to refinance out ...
Doris Ducre of Richmond, Calif., is like millions of other homeowners in this country. She works a 9-to-5 job. She pays her bills. She's current on her mortgage. But Ducre (pictured above) feels like ...
Underwater mortgages are a slow rising tide, particularly in pandemic-era boomtowns. A small — but growing — number of homeowners are facing a home purchase loan with a higher principal than the ...
Homeowners who bought around the peak of the market are increasingly finding they owe more on their mortgages than their properties are worth. The number of owners who are underwater is small but ...
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