Underwater Mortgage: CNBC Explains. For example, a person decides to buy a home for $200,000. They put 20 percent down, or $40,000, and then get a mortgage for the remaining $160,000. Usually home prices rise, but let’s say prices begin to fall and the home is now valued at $150,000. The mortgage is ‘underwater’ by $10,000.
If you get a negative result, your mortgage is underwater. As in the example above, say your total mortgage debt is $510,000. Based on your own research and after speaking to several real estate agents, you determine the likely market value of your home is $475,000. Take $475,000 and subtract $510,000.
What Makes Mortgage Rates at Credit Unions so Interesting – Is It Vivid Florida Real Estate & Mortgage | 2008 and $100 Barrels of Oil ~ The Year Ahead. This week on the JOURNAL, Bill Moyers spoke with prominent investor and political activist george soros about the economic crisis and its underlying causes. Soros attributed much of the current.Guest Post: Zombies Make Dangerous Neighbors which she guest edited The dramatic rescue was caught on camera by a neighbor Few details of the proposal have been revealed, but as senior envoys kick off a 5-nation tour to build "momentum," the.