shared equity mortgage

Definition of "shared equity mortgage"
  1. A type of mortgage where the lender contributes to the home's down payment and, in return, is entitled to a part of the profits when the home is sold
How to use "shared equity mortgage" in a sentence
  1. My parents helped me secure a shared equity mortgage for my first home.
  2. With a shared equity mortgage, the lender has a stake in the property's future value.
  3. The shared equity mortgage seemed like a good option for them as first-time homebuyers.

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