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Mortgage Glossary

Below is an A-Z glossary of general terms used within the mortgage industry. Click on any term to view a detailed explanation. Use the alphabet below to navigate quickly to a term beginning with:

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Shared Appreciation Mortgage

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In exchange for a lower interest rate for the length of the mortgage, there are opportunities to allow the lender a stake in the future increase in the value of the property, i.e. in the building equity of the property.

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