A shared appreciation mortgage or SAM is a mortgage in which the lender agrees as part of the loan to accept some or all payment in the form of a share of the increase in value (the appreciation) of the property.
Read more about Shared Appreciation Mortgage: In The UK
Famous quotes containing the words shared, appreciation and/or mortgage:
“When young people are too rigidly sequestered from [the world], their lively and romantic imaginations paint it to them as a paradise of which they have been beguiled; but when they are shown it properly, and in due time, they see it such as it really is, equally shared by pain and pleasure, hope and disappointment.”
—Frances Burney (1752–1840)
“We are tempted to say that his genius was feminine, not masculine. It was such a feminineness, however, as is rarest to find in woman, though not the appreciation of it; perhaps it is not to be found at all in woman, but is only the feminine in man.”
—Henry David Thoreau (1817–1862)
“The mortgage is still in our name but, increasingly, the house is theirs. One diaper, one vote.”
—Fred G. Gosman (20th century)