What is an Upside Down Mortgage ? An upside down mortgage is where an owner of a house owes more on the house than what the house is worth and is in negative equity. For example, if an owner owes $200,000 on a house, but the house value if worth only $180,000 than the owner has an upside down mortgage. Can You Sell Your House When in when your Mortgage is Upside Down?

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If you’re upside down on your home, it means you owe more on your loan than your home is worth. Another term for this is negative equity. Here is a quick reference guide for people in this situation.

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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.

Keeping the Home. Just because a home’s mortgage is upside down that doesn’t make the house worthless. If you can afford the payments and want to keep the house, you can do so. Federal law prohibits the lender from changing the terms of the loan when the.

 · An upside down mortgage, also called an underwater mortgage, is one that the principal is greater than its free-market value. This results in negative equity that becomes a liability. If you can ride it out, its value may increase over time. If not, seek a.

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An upside-down mortgage is where the homeowner owes more on the house than what it’s worth – it usually happens when the real estate market dips or even tanks. An upside-down mortgage can back married couples in a corner when they want to get a divorce but can’t afford to sell the house because they owe more than the market value of the home.

Upside Down Mortgage. A mortgage in which the amount that a property owner owes on the loan is more than that property’s current market value. For example, if one borrows $100,000 to buy a house and, for whatever reason, the value immediately drops to $60,000, the homeowner is said to have an upside down mortgage.