A deferred-interest mortgage is a type of home financing loan that offers the borrower an option to pay less than the interest due on its outstanding balance. Any shortfall in the interest payment is then added to the loan's principal, leading to negative amortization.
A Flexible Payment Mortgage (FPM) allows borrowers to choose among several monthly payment options including lower interest-only and minimum payments, providing greater flexibility and control over mortgage expenses.
A Shared Appreciation Mortgage (SAM) is a type of mortgage where the lender offers a reduced interest rate in exchange for a share of any increase in the value of the property.
