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Question 15 1 pts The mortgage is said to be underwater when o the value of the house exceeds the value of the mortgage. theThe mortgage is said to be underwater when Group of answer choices the value of the house exceeds the value of the mortgage. the house is flooded. the value of the mortgage exceeds the value of the house. none of the above

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The value of the mortgage exceeds the house

An underwater mortgage is a situation where the value of the original principal exceeds the market value. This happened during 2008 financial crisis. It can prevent the borrower in selling the house unless they pay out the loss.

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