Any mortgage other than a fixed-interest-rate, level-payment amortizing loan. AMIs provide unique approaches to mortgage lending, often accommodating borrowers with non-traditional income streams or financial situations.
A property right or estate that is anticipated to be enjoyed at a later time.
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.
A Shared Appreciation Mortgage (SAM) is a type of residential loan that combines a lower-than-market fixed interest rate with the lender's entitlement to a specified share of the property's appreciation in value over a certain period.
