Shared Equity Mortgage

What is it? A home loan in which the lender gets a share of the equity of the home in exchange for providing a portion of the down payment. When the home is later sold, the lender is entitled to a portion of the proceeds.

Added By: Elijah

Send To Friends!

If you'd like to send the Shared Equity Mortgage definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Shared Equity Mortgage. If you need any more information on this term, please don't hesitate to contact us.