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Underwater mortgage
Translation underwater mortgage into russian
underwater mortgage
His house is worth less than the amount owed on the mortgage, making it an underwater mortgage.
Его дом стоит меньше, чем сумма задолженности по ипотеке, что делает это ипотекой, превышающей стоимость жилья.
Definitions
An underwater mortgage is a situation where a homeowner owes more on their mortgage than the current market value of their property, making it difficult to sell or refinance the home without incurring a loss.