How to refinance an underwater mortgage<br>Check your payment history. You must be current on your mortgage, and not have been delinquent on any payments in the last 12 months. Find out who owns your mortgage.
"underwater mortgage" is composed of four separate words.
It is definitely incorrect to say "underwater mortgage" is composed of four separate words because "underwater mortgage" is only composed of two.
( z1 compose :ARG1 ( z2 mortgage :mod ( z3 underwater ) ) :ARG2 ( z4 word :quant 4 :ARG1-of ( z5 separate ) ) )