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n a right given to the creditor over the property of the debtor for the security of the debt; invests the creditor with the power to have the property seized and sold in default of payment.
References in periodicals archive ?
You may find that when you wish to borrow money to pay off the shared equity mortgage, the value of the house is insufficient to allow you to borrow all the money you need.
The shared equity mortgage is only available to eligible firsttime buyers who wish to buy property within the NP postcode area.
A financial product that has been around for over 20 years, the Reverse Mortgage trend has moved sharply higher as the housing market has stalled, according to Reverse Mortgage expert Colleen Moore at Golden Equity Mortgage Corporation.
NEW YORK -- Fitch has affirmed the following HSBC Home Equity mortgage pass-through certificates: