What is the definition of Shared equity mortgage? | Dictionary.net

SHARED EQUITY MORTGAGE

\ʃˈe͡əd ˈɛkwɪti mˈɔːɡɪd͡ʒ], \ʃˈe‍əd ˈɛkwɪti mˈɔːɡɪd‍ʒ], \ʃ_ˈeə_d ˈɛ_k_w_ɪ_t_i m_ˈɔː_ɡ_ɪ_dʒ]\

Definitions of SHARED EQUITY MORTGAGE

2010 - Legal Glossary Database

Sort: Oldest first

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.

2010 - Legal Glossary Database
By Oddity Software

Word of the day

Snake's-head

Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.

View More

Nearby Words