On his website Ramsey Solutions, money expert Dave Ramsey defines an underwater mortgage as a mortgage loan which is more than the current property value. Underwater, and upside-down, are two terms ...

Being underwater on your auto loan means you have negative equity because you owe more than the car is worth. “For example, say you still owe $30,000 on a car that you’d like to sell or trade in, but ...

How do you know when you’re underwater with your mortgage? On his website Ramsey Solutions, money expert Dave Ramsey defines an underwater mortgage as a mortgage loan which is more than the current ...