shared appreciation mortgage

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Icon Mini Profile harrywallace07




Joined: 25 Aug 2009

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PostPosted: Fri Aug 28, 2009 6:28 am    Post subject: shared appreciation mortgage

what is shared appreciation mortgage
Icon Mini Profile Realgeni




Joined: 13 Apr 2009

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PostPosted: Sat Aug 29, 2009 12:50 pm    Post subject:

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

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PostPosted: Sun Aug 30, 2009 8:49 am    Post subject:

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

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PostPosted: Thu Sep 17, 2009 10:04 am    Post subject:



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