Wednesday, May 4, 2011

Upside Down Home Value

Financial adviser Dan Danford answers an unfortunately common personal finance question given the state of today's economy:

"I imagine I'm like a lot of people in today's economy with my marital home being upside down in value. Is there a way to refinance my house even though the value is upside down?"

Danford, MBA, CRSP, of Family Investment Center, explains refinancing a home and mortgage that is upside down in value.

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