I don't mean are you standing on your head...I mean your mortgage.
That is the term that lenders use to describe a homeowner that has a larger mortgage owed than the value of the home itself.
You may qualify for a mortgage modification even if you are up to 25% underwater. Simply stated your home might be worth $100,000 and you owe $125,000.00 and qualify for a mortgage modification to help you keep your home.
Check this link to see if you qualify for a mortgage modification. http://makinghomeaffordable.gov/evaluator.html
Want to know more options to save your home and/or credit...live in the Grand Rapids or West Michigan area give me a call or drop me an email for a free confidential review or your personal situation.
If you live outside our area drop me an email or give us a call and we will offer you a name of a professional in your area.
Thanks for stopping by. Stop again for more tips to help you with you real estate needs.
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Call: 616784-2360 or Email: GaryWhite@FlexitRealty.com