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:
“Let us pardon him his hope of a vain apocalypse, and of a second coming in great triumph upon the clouds of heaven. Perhaps these were the errors of others rather than his own; and if it be true that he himself shared the general illusion, what matters it, since his dream rendered him strong against death, and sustained him in a struggle to which he might otherwise have been unequal?”
—Ernest Renan (1823–1892)
“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)