250,000 Homeowners are Underwater on Their Mortgage

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email [email protected] and I’ll send you a free training on analyzing a real estate market. A recent article mentioned that 250,000 who took out a mortgage this year are upside down on their mortgage. This means that they owe more that the home is worth. This accounts for 8% of mortgages taken out this year, or 1 in 12 mortgages. The article also mentions that 25% of borrowers with government backed mortgages such as the FHA Loan or VA Loan are also underwater.In this episode, I discuss what this means for investors, my personal opinion on this data and more. HighlightsReal Estate is a long-term investment. Having a mortgage underwater only matters if you don’t plan to hold the property for the long-term.FHA and VA Loans are still a great option for those who want to buy properties with limited funds.It’s important to make sure you understand the numbers before you invest. Market research is also important.Get a free Landlord Insurance Quote from Steadily hereGet our new merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Get my New E-book How to Build Wealth in a Recession- https://bit.ly/bredrecessionguideLearn how to invest out of state- https://www.outofstatemoney.com/  Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy