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How Much House Should You Buy?
16 August 2004 "My wife and I are arguing about whether to buy the $150,000 house we set out to buy, or the upgraded version for $185,000 that she fell in love with. She argues that we can afford the more expensive house with an ... more... Is This Shared Appreciation Mortgage a Good Deal? Column Delivered October 22, 2001 ?The city of Burbank has a Mortgage Assistance Program that offers home buyers a 30-year second mortgage loan, with zero interest and no payments for the first 5 years. After 5 years, the second must ... more... |
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house appreciation related definitions |
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Shared Appreciation Mortgage, SAMt
Shared Appreciation Mortgage, SAM A mortgage in which a borrower receives a below-market interest rate in return for which the lender (or another investor such as a family member or other partner) receives a portion of the future appreciation in the value of the property. May also ... more... Depreciation Depreciation Decline in the value of a house due to wear and tear, obsolescence, adverse changes in the neighborhood, or any other reason. Depreciation is treated as an expense and is a line item on an income statement. Depreciation can only be applied to the building and not ... more... |
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