How You Can Avoid Negative Equity
Wed, 31 Dec 2008 15:50:05 -0800
by Mary Bush As house prices follow their downward direction, the thousands who obtained 100% home loans are now facing the risk of negative equity. Those borrowers who have not made considerable payments on their 100% mortgage loans are especially in danger and could face losses if they opt to move to a new property. But it can be avoided with a few important steps. What is negative equity? It is a condition usually brought about by declining house prices. It occurs when your outstanding mor
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