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how can you say "negative equity"


djwebb2004

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To explain about the UK housing market and how if your house is worth less than your mortgage you are in a situation of "negative equity". Is there a phrase? Also "equity in the mortgage" (the change you would get it you sold your house and paid off the mortgage"), eg "how much equity do you have in the mortgage"? These are things I have wanted to talk about on a few occasions and have had to use baby talk to get the point over as I don't know the real words...

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