Can a homeowner get a new loan if they owe more on a house than it is worth?

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Asked 1/16/2009 8:08:27 PM

Updated 9/27/2023 3:26:09 AM

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User: Can a homeowner get a new loan if they owe more on a house than it is worth?

Weegy: one moment please

Question|Rated good

Asked 1/16/2009 8:08:27 PM

Updated 9/27/2023 3:26:09 AM

1 Answer/Comment

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Bench_14

Yes, a homeowner can potentially get a new loan even if they owe more on their house than it is worth through certain government programs or negotiations with the lender, such as a loan modification or a short sale.

Added 9/27/2023 3:26:07 AM

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