Alternative Mortgage Instrument (AMI) refers to a range of non-traditional mortgage products that offer flexible terms and varied payment structures to borrowers, often catering to those who need alternatives to standard fixed-rate or adjustable-rate mortgages.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!