Sentence examples for the shared appreciation from inspiring English sources

OVER the last two months, lenders across the country have begun reviving a mortgage that was briefly used about 20 years ago: the shared appreciation mortgage, or SAM.

ISI Skyscraper expects to begin offering the shared appreciation loan next week in the New York area, Mr. Bader said, while the president of Madison Home Equities in Carle Place, N.Y., Nadine Maloney, said her firm was offering them now.

They can move out for up to 12 months, but if they sell or rent their property they will have to pay the outstanding loan balance immediately, as well as the interest from the shared appreciation, if any.

In a working paper, Van Nieuwerburgh and his co-authors argue for the shared appreciation mortgage (SAM), in which housing debt falls in line with any decline in home value.

Joel E. Miller, a Queens tax lawyer, said that since the shared appreciation payment that will be made when the house is sold is actually a deferred interest payment, most borrowers should be able to deduct a part of that on each year's tax return in addition to the actual amount of interest paid.

Since the borrower has to give up a meaningful share of future home price appreciation, basically establishing a cost for program participation, the shared appreciation modification is not particularly attractive to borrowers that don't need it.

The weakness of the earlier shared appreciation mortgages, according to Mr. Stafford, was that "there was no investment bank behind the mortgage program".

Known by the acronym SAM, for "shared appreciation mortgage," the loan can also be used to refinance borrowers' current homes or to move up to a more expensive home.

Leng describes Barham as Harrison's "fellow traveler", due to the two musicians' shared appreciation of Indian classical music, and writes that because Harrison needed a collaborator who "empathized with his [musical] ideas", Barham was a natural choice over George Martin, the Beatles' producer and orchestral arranger.

You never feel that the ensemble members are all on the same wavelength, with a shared appreciation of the rarefied, poisonous social climate that has shaped their characters.

Included in it were a couple of pages that took away all of the problems in all 50 states that had faced the reverse mortgage with shared appreciation before--questions dealing with the due-on-sale clause, preemptive liens, and so forth". But, being the political animal that it is, Burke said, Congress gave itself an "out" and for three years permitted any state to override Garn-St.