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Underwater on your mortgage? Here are your options for moving forward

1 month ago   |   By Business Insider

Insider's experts choose the best products and services to help make smart decisions with your money. In some cases, we receive a commission from our our partners , however, our opinions are our own. Terms apply to offers listed on this page. The people most at risk of ending up underwater are those who bought their home very recently with a low down payment. Oliver Rossi/Getty Images
When your mortgage balance exceeds your home's value, your mortgage is considered to be underwater.
If you don't plan on selling or refinancing soon, being underwater shouldn't affect you.
Making a larger...
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