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Glossary > S > "Shared appreciation mortgage" Definition

Shared appreciation mortgage

A mortgage in which a borrower pays a below normal rate of interest to the lender on the understanding that the latter shares a proportion of the appreciation of the property.

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Shared appreciation mortgage - A mortgage in which a borrower pays a below normal rate of interest to the lender on the understanding that the latter shares a proportion of the appreciation of the property.

Shared appreciation mortgage : a mortgage in which a borrower pays a below normal rate of interest to the lender on the understanding that the latter shares a proportion of the appreciation of the property.