Underwater Mortgage Relief

Does the market tell you your home is worth less than what you owe on your mortgage?  You might be underwater, but you’re not necessarily drowning. 

Try this calculation.

Divide your property taxes by 12 and add the result to your monthly mortgage payment. Then go to Craigslist or other sources and find rentals similar in size (living space only) and location to your home. 

I’m willing to bet you’re paying less right now simply for a place to live.