Underwater Borrower Refinance Options
Underwater Borrower Refinance Options - There are options to refinance your home if you are a borrower and underwater. The term underwater is a reference to a mortgage loan situation where you owe more on the home than it is currently worth.
In most situations, you are just screwed and would have to to live with paying on the loan until you got it below the current market value, waiting for the real estate values to increase, or default on the loan and walk away. However, thanks to the government, there are options available for you, but not everyone qualifies.
Underwater Borrower
In most situations, you are just screwed and would have to to live with paying on the loan until you got it below the current market value, waiting for the real estate values to increase, or default on the loan and walk away. However, thanks to the government, there are options available for you, but not everyone qualifies.
Underwater Borrower
posted by Team IWP | 8:25 AM
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