New Jersey HARP Refinance, also known as DU REFI Plus or the Obama Government Refinance Program. Helping homeowners with upside down mortgages.
Consumers who are upside down in an auto loan sometimes “roll over” the difference into a brand-new auto loan, which makes this option more than a refinance. It means carrying over the balance of the old vehicle into the loan for a new vehicle, but it might be a good idea if you ...
offinancial catastrophe if they lose a job or are otherwise unable to meet the mortgage.Underwater: Options When Your Mortgage Is Upside Downoffers valuable advice to homeowners on ways they can unload a house they no longer want, save a home from foreclosure, or undergo foreclosure and start...
There are also ways to minimize the time you spend upside down. Try to make extra payments, increase your down payment amount and refinance if possible. When shopping, use an auto loan calculator to estimate how soon you will cross from negative to positive equity so you can become right-...
An upside-down car loan is one where you owe more on your auto loan than the car is currently worth. For example, if you have a car loan with a $20,000 balance on a car that only has a market value of $17,000, you have $3,000 negative equity. To say it another way, you’...
When using a reverse mortgage, being underwater might not be catastrophic. In many cases, you or your heirs do not have to pay off the loan balance but check with your lender to avoid any surprises.1 What Happens If I Sell My Upside-Down Car or Home? Auto Loans If you’re upsi...
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What Is an Upside-Down Auto Loan? More Getty Images Owing more on a car loan than the vehicle is worth is a common problem for today’s buyers. With high-priced vehicles, small down payments, and five-year or longer loans, having negative equity can be hard to avoid. cornecobe / i...
What homeowners can do to get out from under an upside-down mortgage. How to negotiate with your lender to refinance your loan, agree to a short sale, or stop the foreclosure process. How to protect your equity and limit your ... C Lauer - Underwater: Options when your mortgage is ups...