shared-appreciation mortgage

shared-appreciation mortgage

[shaird-uh-pree-shee-ey-shuhn]
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
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To shared-appreciation mortgage
Explore Dictionary.com
More from Thesaurus.com
Synonyms and Antonyms for shared-appreciation mortgage
More from Reference.com
Search for articles containing shared-appreciation mortgage
Dictionary.com Word FAQs

Dictionary.com presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature