shared equity mortgage

A mortgage in which the lender shares in the profits from the property’s resale.

• The lender must usu. first purchase a portion of the property’s equity by providing a portion of the down payment.

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词条贡献者

资深译员Daniel，国际知名法学院法律英语专业，擅长翻译涉及工程与建设领域的法律文件。