Year: 2026

Family sits in cars trunk near house. Mother, father, son.

What Does It Mean to be Upside Down on a Loan?

Have you ever heard someone say they were “upside down” or “underwater” on a loan? Simply put, negative equity means that the amount you owe on a loan is greater than the current market value of the asset you bought. This situation can happen with major purchases like a home or a car, and understanding it is key to protecting your financial health. Continue reading