Examples of Negative equity in a sentence
Negative equity balances have been reclassified and are reflected as due to/from other funds.
The existing mortgage is split into two parts: Loan A being the sustainable element, which is repaid on the basis of principal and interest; and Loan B being the unsustainable element, which is deferred and becomes repayable at a later date; Negative equity trade down – This allows a customer to sell their house and subsequently purchase a new property and transfer the negative equity portion to a new loan secured on the new property.
Negative equity refers to a situation where a mortgage borrower owes more on the mortgage than the home is currently worth.
Negative equity in a real property is treated as having no value in the assessment of disposable capital.
Negative equity is the amount owed on a loan in excess of the collateral’s value.