Easy Rate QnA forum: Ask any question...
Home

Ask your question fast!
Question

Question Detail (required)


Login or Signup Now




Username:

Password:


Create Account
Lost Password

Leader Board
Leading ExpertsCredits
1.MortgageEnde11842Level 7
2.ANiyazi4816Level 5
3.mortgagepro4496Level 5
4.carrielawlor1676Level 4
5.MortgageManC1105Level 3
6.t_cameron76558Level 2
7.admingal1975519Level 2
8.khourypa362Level 2
9.Pattymurph341Level 2
10.Flip307Level 2
11.propertysold264Level 2
12.Magan245Level 1
13.michaels4316245Level 1
14.Ron244Level 1
15.Tristan238Level 1
16.Ned238Level 1
17.geoff12345237Level 1
18.ConsumerProt234Level 1
19.Shirly232Level 1
20.Tracey228Level 1
21.Charlie218Level 1
22.Desperatewif213Level 1
23.Jennette206Level 1
24.Alejandra201Level 1
25.Eusebio 199Level 1
View all

Categories



    A.
  • Aaron
  • Abroad
  • Account
  • Accountant
  • Afford
  • 2 3
  • Against
  • Alberta
  • Ally
  • American
  • Amex
  • Amount
  • Appraised
  • Approval
  • Approved
  • Arrive
  • Australia
  • Auto
  • Average


  • B.
  • Baby
  • Bank
  • 2 3 4 5
  • Bedroom
  • Benefit
  • Bill
  • Bring
  • Brunswick
  • Buying


  • C.
  • Calculate
  • Calgary
  • California
  • Canada
  • 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34
  • Canadian
  • 2 3 4
  • Canda
  • Capital
  • Car
  • Card
  • Cash
  • Cctb
  • Certificate
  • Charge
  • Check
  • 2 3
  • Cheque
  • 2 3 4
  • Child
  • 2
  • Claim
  • 2 3 4 5
  • Closing
  • Collect
  • Columbia
  • Coming
  • Common
  • Company
  • Condo
  • Contract
  • County
  • Court
  • Credit
  • 2 3 4 5 6 7 8

    D.
  • Date
  • Day
  • Debt
  • Declare
  • Deduct
  • Deducted
  • Default
  • Delivered
  • Demand
  • Deposit
  • 2
  • Deposited
  • Direct
  • Disability
  • 2 3
  • Distributed
  • Divorce
  • Dollar
  • Dont
  • Dose
  • Downpayment


  • E.
  • Early
  • Earn
  • Earned
  • Earning
  • Easy
  • Economy
  • Edmonton
  • Employer
  • Employment
  • Estate
  • Expire


  • F.
  • Facility
  • Fargo
  • Federal
  • File
  • Filed
  • Filing
  • Fill
  • Floor
  • Florida
  • Following
  • Foot
  • Foreign
  • Full


  • G.
  • Getting
  • Going
  • 2
  • Gold
  • Goverment
  • Government
  • Govt
  • Gst


  • H.
  • Happen
  • Happened
  • Haven
  • Havent
  • Heloc
  • Hour
  • Hst
  • Husband


  • I.
  • Income
  • 2 3 4 5 6 7
  • Increase
  • Inspection
  • Insurance
  • Interest
  • Interview
  • Into
  • Issued


  • J.
  • Jail


  • L.
  • Landlord
  • Lease
  • Leather
  • Leave
  • Lien
  • Loan
  • 2 3 4
  • Lose
  • Lost
  • Luxury


  • M.
  • Mail
  • 2 3
  • Mailed
  • Making
  • Manitoba
  • Married
  • Mastercard
  • Medical
  • Missed
  • Money
  • 2 3 4 5 6
  • Month
  • Monthly
  • Morgage
  • Mortage
  • Mortgage
  • 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
  • Multiple


  • N.
  • Newfoundland
  • Next
  • Note
  • Nursing


  • O.
  • Odsp
  • Offer
  • Ontario
  • 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
  • Open
  • Osap
  • Other
  • Other 1
  • Other 2
  • Other 3
  • Other 4
  • Other 5
  • Ottawa
  • Owe
  • Owner


  • P.
  • Package
  • Paid
  • Past
  • Pawn
  • Pay
  • Paycheck
  • Payed
  • Paying
  • Payment
  • 2 3
  • Percent
  • Percentage
  • Person
  • Personal
  • Phone
  • Pick
  • Pizza
  • Post
  • Premium
  • Price
  • Property
  • 2
  • Purchase
  • Purolator


  • Q.
  • Qualify
  • Quarterly
  • Quebec


  • R.
  • Rate
  • Rebate
  • Receive
  • Received
  • Recieve
  • Recieved
  • Recive
  • Reference
  • Refund
  • Registration
  • Rent
  • Rental
  • Repo
  • Report
  • Resident
  • Resource
  • Return
  • Rise
  • Rrsp


  • S.
  • Salary
  • Sale
  • Santander
  • Save
  • Scotia
  • Sell
  • 2
  • Selling
  • Send
  • Sent
  • Sept
  • Septic
  • Ship
  • Shipping
  • Single
  • Slip
  • Social
  • 2 3
  • Sold
  • Someone
  • Something
  • Sort
  • Spouse
  • Ssdi
  • Ssi
  • Stolen
  • Strata
  • Strike
  • 2 3 4
  • Student
  • Support
  • Surrey


  • T.
  • Taken
  • Tax
  • Taxe
  • Taxed
  • Thousand
  • Ticket
  • Toronto
  • 2 3 4
  • Track
  • Transfer
  • Tuition


  • U.
  • Unemployment
  • United
  • Unused
  • Utility


  • V.
  • Vancouver
  • Vehicle
  • Verify
  • Visa
  • Visit


  • W.
  • Wage
  • Week
  • Welfare
  • 2
  • Wife
  • Winnipeg
  • Working


  • Y.
  • Year
  • York





What happens when your home drops in value by more than 50% and you cant qualify for any programs offered. Are there any alternatives to staying forev

 
Answer
Subscribe
 
Report Abuse
   



Vote:
Asked by
anonymous


Our home has dropped more than 50% and our mortgage company submitted us for several programs but they wont help us because our status is good with mortgage. they say you can afford it, just keep paying. I am tired of paying while everyone else is getting help for homes they couldnt afford to begin with. What alternatives do we have. We didnt buy to stay forever, we bought to start out and sell to move up.
0     In Other 1

Industry Experts


    + Add Expert
    Recommend an Industry Expert - You can recommend an "expert in the field" below. An industry expert is anyone you feel would be well qualified to answer this question and publicly accepts inquiries on this subject. If you are an industry expert and you are willing to answer our user's inquiries, you can enter your contact information below.



     

    Q. What to do when your home value drops below loan?


    It is not an issue as long as you are not selling the property or refinancing. Your mortgage will continue as long as you do not break any of the covenants with the bank.

    Comment
    Reply
    Report


    0 0
      

     
    Add your answer/comments in just seconds. No signup necessary.
    Just put your answer in the box below and hit Save.


    Yes, also subscribe me to this question so I can follow the discussion




    Can you help us by answering one of these related questions?
    1. What happens when your property value drops to below your what is owed on your mortgage?
    2. What rate is being offered for a line of credit in 2011 canada?
    3. What happens to mortgage rates in bad stock market drops?
    4. What happens to real estate rates when the market drops?
    5. When a landlord is in foreclosure and you have offered your mortgage company to go bi weekly and they said n what can you do ontario?
    6. Can a house that is paid for be quick deed to a new owner with no money offered?
    7. What is the longest mortgage amoritization period offered by canadian banks?
    8. If our credit rating drops will we have trouble renewing our mortgage?
    9. If i sign mortgage at 3 79 fixed for 5 yrs and the rate drops 6 months later?
    10. How much will you qualify for a home making 45k?

    We need your help! Please help us improve our content by removing questions that are essentially the same and merging them into this question. Please tell us which questions below are the same as this one:

    Q: What happens when your home drops in value by more than 50% and you cant qualify for any programs offered. are there any alternatives to staying forev?
    • 76% - What happens when the appraised value of my home drops drastically?
    • 76% - What happens to my fixed mortgage if home value drops?
    • 75% - What type of deposit needs to be offered to purchase a home in ontario?
    • 75% - Can you claim ontario social assistance while staying at your parents home?
    • 63% - I have been offered $625 net per week for a job, how much will i be taked on this and how much will i take home per week?
    • 59% - What programs can i go on if im 16 and kicked out?
    • 57% - Can i claim kids programs on income tax?
    • 56% - What school programs does ontario works offer?
    • 52% - How is the us dollar staying strong?
    • 52% - How much commission is offered mls 1 or 1?
     

    © 2009-2011 Easyrate.ca Answers Community, All Rights Reserved.
    Need more answers to your questions? Search for answers at:
    PanamaREALS | NeWorldRealty - Investments | IDoWeb - General