equity mortgage


A mortgage in which a lender offers a favorable interest rate in exchange for a portion of the profits when the borrower sells the home.

Use equity mortgage in a sentence

You should try and make sure that you are getting the best rate on any equity mortgage that you take out.

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The equity mortgage was important for us and I knew we had to do something about it and see what was happening.

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We opted for an equity mortgage as it seemed like it offered us the best value we could get, so we signed on the dotted line that afternoon.

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equity method equity multiplier