Indiana Shared Appreciation Mortgages

Written by chief on November 23rd, 2006 in General, Money and Finance.

For home buyers in Indiana who want to sell their homes within 5 years, this may be a good option. A lower interest rate is obtained in exchange for sharing the home’s appreciation with the lender. When the house is sold, or five years later-whichever comes first-you must split up to 50 percent of the increased value with your bank. In a nutshell this is a shared appreciation mortgage

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