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2. What is negative equity? A guide to underwater mortgages - AOL

   www.aol.com/finance/negative-equity-guide...

   Negative equity is sometimes referred to as being underwater or upside-down on a mortgage. Home Equity For example, let’s say that your current mortgage loan balance is $360,000.

3. Underwater mortgage: What it is and what to do - AOL

   www.aol.com/finance/underwater-mortgage...

   Underwater mortgages are much less common now than they were in the Great Recession. Back then, some 12 million borrowers were in a negative equity state. Today, just over one million are, a ...

4. How to refinance an underwater mortgage - AOL

   www.aol.com/finance/refinance-underwater...

   The U.S. national aggregate value of negative equity (aka underwater mortgages) at the end of Q4 2023. ... the seasoning requirement will be 15 months to qualify for an underwater mortgage program ...

5. Negative equity - Wikipedia

   en.wikipedia.org/wiki/Negative_equity

   Negative equity is a deficit of owner's equity, occurring when the value of an asset used to secure a loan is less than the outstanding balance on the loan. [1] In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being "underwater", and loans and borrowers with negative equity are said to be "upside down".

6. Home equity data and statistics: Why they matter to ... - AOL

   www.aol.com/finance/home-equity-data-statistics...

   Homeowners have negative equity — also known as being underwater or upside down — when they owe more on their mortgage than their home is worth. For example, if you had an outstanding loan ...

7. Home Affordable Refinance Program - Wikipedia

   en.wikipedia.org/wiki/Home_Affordable_Refinance...

   In December 2011, the rule was changed yet again, creating what is referred to as "HARP 2.0"; there would no longer be any limit on negative equity for mortgages up to 30 years – so even those owing more than 125% of their home value could refinance without PMI. [4] Also, the program was expanded to accept homeowners with PMI on their loan.