Shared-appreciation mortgage

What is Shared-appreciation mortgage?

Shared-appreciation mortgage definition and meaning on Dictionary terms:
noun
a type of mortgage that carries a smaller down payment or lower interest rate than usual in return for the lender’s sharing in the appreciation of the property at some future date, as at the time of its sale. Abbreviation: SAM

 

reference: www.dictionary.com/browse/shared-appreciation-mortgage

Tags: