Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

shared appreciation mortgage

Author Message
Icon Mini Profile harrywallace07





Joined: 25 Aug 2009

Posts: 42

-0.10 Dollars($)
Post Posted: Fri Aug 28, 2009 6:28 am    Post subject: shared appreciation mortgage
Like 0
Dislike 0

what is shared appreciation mortgage
Icon Mini Profile Realgeni





Joined: 13 Apr 2009

Posts: 1434

99.76 Dollars($)
Post Posted: Sat Aug 29, 2009 12:50 pm    Post subject:
Like 0
Dislike 0

harrywallace07

Welcoem to the forum

For Shared Appreciation Mortgage the buyers need to pay less interest rate to the lenders providing a share of the future appreciation value of the home. The rate if interest is based on the the appreciation

One of the requiremsnts is that the buyer shoudl nto have owned ahouse in the last 3 years

Good luck and feel free to ask
Icon Mini Profile robertcampbell07





Joined: 25 Aug 2009

Posts: 52

-0.11 Dollars($)
Post Posted: Sun Aug 30, 2009 8:49 am    Post subject:
Like 0
Dislike 0

The share of the appreciated value is known as the contingent interest, which is determined and due at the sale of the property or at the termination of the mortgage.

you need to take care for:

how the appreciation will be determined: There are 2 ways,an appraisal or sale. In either case, if you (the borrower) do not have the appreciation money to pay the lender at the time it is due, the lender may force a sale.

what happens if the house does not appreciate in value or depreciates?
Icon Mini Profile ross090909





Joined: 04 Sep 2009

Posts: 82

-0.31 Dollars($)
Post Posted: Thu Sep 17, 2009 10:04 am    Post subject:
Like 0
Dislike 0



[System detected duplicate content; converted into image. Thanks.]
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.270 seconds.