What can you do if you’re “underwater” with your home or cannot afford to sell it for whatever reason?
An underwater mortgage situation is when your home purchase loan has a higher principal than what it’ll sell for. There are different ways to go about it, depending on whether or not you can still afford the payments. In this episode, Loren, Chris, and Cassidy explain adjustable-rate mortgages, short sales, and rentals to help you get an idea of the options you have in every situation, no matter how bad it is.
What you’ll learn:
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