shared-equity mortgage

shared-equity mortgage definition - business

shared-equity mortgage

A home loan in which the lender provides a portion of the down payment in return for partial ownership of the home. Proceeds from a sale of the home are shared proportionally to ownership between the borrower and lender.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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