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Discuss MtgInfo's answer to: Will I ever owe more than my home is worth?

There are a few ways you could end up owing more on your mortgage than the value of the property. If you fail to make the monthly mortgage payments as agreed the loan balance will go up as fees, interest, and penalties accrue. Falling real estate prices in your area can also cause the value to drop below your home loan balance, even if you've been making your mortgage payments on time each month. 

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