
With all the discussion of the subprime issues and the decline of housing, new innovative ways of financing will emerge, when applicable. One such program is the SAM.
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.Of course, in a flat or declining market, this may not be a good deal for a bank. Some banks seem to be offering this type of program.
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