Phrases with «underwater borrowers»

"Underwater borrowers" refers to people who owe more money on a loan or mortgage than what their property is currently worth. In other words, these individuals are financially "underwater" because they owe more than the value of their assets. Full definition

borrower (parent phrase)
underwater (parent phrase)

underwater borrowers

Sentences with «underwater borrowers»

This of course resulted in scores of underwater borrowers who now owe more on their mortgages than their current property values. (thetruthaboutmortgage.com)
What about underwater borrowers who don't qualify for any of these government refinance and loan modification programs? (smartasset.com)
A good mortgage payment history is key to refinance eligibility, even for underwater borrowers. (smartasset.com)
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Phrases with «underwater borrowers»

Sentences with «underwater borrowers»

See also