In most cases, a mortgage lender can’t ask for accelerated repayment no matter how far underwater you are, unless you fall behind on payments or otherwise viola

In most cases, a mortgage lender can’t ask for accelerated repayment no matter how far underwater you are, unless you fall behind on payments or otherwise violate the terms of your loan. If you’re making monthly payments, they can’t ask for a balloon repayment. Additionally, a borrower who is paying on an underwater mortgage is much better than a foreclosure where the bank gets an asset worth less than you owe. Every month that you make a payment improves the bank’s position, since your payment is going to reduce the deficit between loan amount and home value.