Finance
In Wyoming, a borrower who is 'underwater' on their mortgage means:
AThe property is in a flood zone
BThe loan balance exceeds the current property value✓ Correct
CThe mortgage rate exceeds current market rates
DThe borrower has no equity in the property but still has positive equity
Explanation
Being 'underwater' (negative equity) means the outstanding mortgage balance exceeds the current market value of the property. This can occur when property values decline.
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