Nearly one-quarter of all homeowners who have mortgages – approximately 27 million people – believe they owe more on their mortgage than the home is worth, according to a recent Harris Poll. Nearly 30 percent of homeowners say they are having either great difficulty (11 percent) or some difficulty (18 percent) paying off their mortgage. Approximately two-thirds of all adults (65 percent) say they are concerned that their incomes will not be enough to cover all their costs and expenses this year, and nearly 70 percent of homeowners have a mortgage that they need to pay off, the study finds.
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