Ed's Blog

According to a new report released this week, the number of homeowners who owe more on their home than it is worth dropped in the third quarter this year. According to the report, which was conducted by Zillow, the number of homeowners underwater dropped 2% to 21%.

While this number is still far too high, the fact that it’s decreasing rather than increasing is a step in the right direction. Refinancing becomes easier once homeowners obtain equity in their homes, and this also indicates that home values are probably leveling out.

If you’d like to know if you are underwater, feel free to contact us today, and we’ll determine your eligibility for a refinance. We can always be reached at 415-406-2330, or email me at ecraine@smithcraine.com