Archive for the ‘Equity’ Category

Shared-Equity Mortgages

January 8th, 2011

A shared-equity mortgage, also known as an equity finance mortgage (EFM), is a home loan in which the deposit is paid in part by a family member or friend of the primary borrower. In return for assisting with the down payment, the secondary borrower is granted a share of the equity in the property. This arrangement is common between parents and children, when the children wish to own their own home but cannot raise enough capital for a sufficient deposit.
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Negative equity mortgages

July 14th, 2010

When a person goes into negative equity then on a day to day basis then there may not seem to be a problem.  After all the bills are the same, and as long as the person was not relying on borrowing the equity in their home then the negative equity would not impinge on them in the short term.

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What is negative equity?

July 7th, 2010

Negative equity is when more is owed on a house than the house is worth.  This can be a problematic situation for many home owners.

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How to build up equity in a house

June 18th, 2010

Building up equity in a property can have a number of benefits with a mortgage.  It can be done in a number of ways.

Equity in a home is the amount of money that is left in a property after the home loan and any other money that is secured on the house has been taken out.  It can be calculated by subtracting the outstanding home loan from the latest valuation of the house’s worth.

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