Accutrust explains 'Negative Equity' (Underwater)

Negative equity often occurs when a homeowner purchases a house using a mortgage and then the economy starts to slow or home prices start to drop. After the house purchase, the value of the home decreases below the value of the amount owed on the mortgage, causing negative equity.


The wait is over for homeowners who want to refinance but owe more on their mortgages than their homes are worth.

Who’s Eligible:

To qualify for a HARP 2.0 refinance, you must meet these requirements.

  • Your Mortgage must have been sold to Fannie Mae or Freddie Mac prior to June 2009
  • You must be current on the mortgage and have no late payments in the last six months. A late payment is defined as one that’s 30 days overdue.
  • You must not have more than one late payment in the past twelve months
  • This must be your first refinance through HARP, if you refinanced under an earlier version then you do not qualify.

Talk to one of our Certified Mortgage Planners today and find out why we are encouraging borrowers to take advantage of these historic low rates and possibly shorten the term of their mortgages. We are the experts in mortgage lending, let us help you save hundreds perhaps thousands.