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The Upside Down Car Loan – Financial Web – finweb.com – An upside down car loan means you owe more to the lender than the asset is now worth. This can occur quite easily with a car loan because the value of a car decreases sharply once you begin driving it. You should be wary of the upside down loan for a few reasons.
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Upside Down Mortgage Help for Homeowners – If my home is worth $185,000 in the current market, but I owe $195,000 on my mortgage loan, I am upside down. My loan balance exceeds the value of my property. This is also referred to as being underwater in the loan.
Refinance When You're Upside Down – Bankrate.com – How do you refinance your mortgage when you’re upside down on your loan? senior reporter holden lewis answers this and other common refinancing questions. Many people now find they owe more than.
How to Get Out of an Upside Down Mortgage – loan.com – An upside down mortgage is one where the balance remaining on the loan exceeds the value of a home. If you have an upside down mortgage, then you actually have negative equity in the property currently. First, it is important to understand the best way to handle this situation is usually to remain in the home for an extended period of time.
Upside Down Car Loans: Trading in Car with Loan Debt – If you are hopelessly upside down on a vehicle and need relief from that distressing debt, selling the car and taking out a second loan to cover the negative equity could be the best option. In short, if you owe $15,000 and your car is worth $10,000, you are $5,000 upside down or have $5,000 in negative equity.