Listen Money Matters - Free Your Inner Financial Badass. All The Stuff You Should Know About Personal Finance.

Are you stuck with a mortgage that is underwater?  We’ll craft an escape plan so you can save money and move on. An underwater mortgage means the balance remaining on the mortgage is higher than the fair market value of your home.  In other words, you owe the bank more money than your home is worth. A lot of people found themselves in this situation when the economy crashed in 2008.  Even at that time, interest rates were lower than you will generally average in the market.  And mortgage interest is tax deductible.  Money tied up in a house is inaccessible.  You can pull money out of the market and have cash in hand within a few days.   If you’re underwater, don’t overpay on your mortgage.  You’re only tying up more money.  Invest that money and get your average 7%.   Give some thought to doing what Matt did when he found himself underwater.  He moved in with his brother, paying a very low amount of rent and rented out his condo.  In some cases, you can get more in rent than what you are paying for your mort