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  2. Shared appreciation mortgage - Wikipedia

    en.wikipedia.org/wiki/Shared_appreciation_mortgage

    The borrower's share of the equity would be £150,000, less than half of the final valuation of the property of £400,000. Bank of Scotland also sold shared-appreciation mortgages on which interest was charged at about 5.75% to 6% per annum.

  3. Equity release - Wikipedia

    en.wikipedia.org/wiki/Equity_release

    The Equity Release Council is the UK's equity release industry body that sets standards to protect consumers. Its members commit to following a set of five product standards: fixed or capped interest rates (for lifetime mortgages), the right to remain in the property, the right to move to another property, the ‘no negative equity guarantee ...

  4. How to calculate your home equity — and how much of it you ...

    www.aol.com/finance/calculate-home-equity...

    Step 1: Estimate your home’s value. Calculating equity starts with identifying the property’s market value. You can find out how much your home is worth using a number of methods. Online home ...

  5. Home equity loan - Wikipedia

    en.wikipedia.org/wiki/Home_equity_loan

    Home equity loans come in two types: closed end (traditionally just called a home-equity loan) and open end (a.k.a. a home equity line of credit (HELOC)). Both are usually referred to as second mortgages, because they are secured against the value of the property, just like a traditional mortgage. Home equity loans and lines of credit are ...

  6. Have Home Equity? Experts Explain Why You Should Use It To ...

    www.aol.com/home-equity-experts-explain-why...

    Having home equity allows you access to cash in the form of lines of credit or home equity loans, and putting that money back into a second home could net you the most benefits of all.

  7. Home equity: What is it and how can you use it? - AOL

    www.aol.com/finance/home-equity-121018740.html

    Mortgage Calculator Example of home equity Say you bought a home for $390,000, putting 3 percent down with a 30-year fixed rate mortgage at 7.83 percent. ... check out mortgage rates on second ...

  8. Mortgage law - Wikipedia

    en.wikipedia.org/wiki/Mortgage_law

    The borrower (reverser) conveyed by charter a fee simple estate, in consideration of a loan, to the lender (wadsetter) who on redemption would reconvey the estate to the reverser by a second charter. The difficulty with this arrangement was that the wadsetter was absolute owner of the property and could sell it to a third party or refuse to ...

  9. 4 ways to get equity out of your home — and what to know ...

    www.aol.com/finance/how-to-get-equity-out-of...

    A home equity loan — sometimes called a second mortgage — is a fixed-rate loan that allows you to use your home’s equity as collateral. You receive the loan money as one lump sum and pay it ...

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