|
|
A participation mortgage is a mortgage wherein the lender, or mortgagee, is entitled to share in the rental or resale proceeds from a property owned by the borrower, or mortgagor. A participation mortgage may or may not require principal and interest payments, and may or may not contain a balloon payment.
|
The infomation above is licensed under the GNU Free Documentation License and is derived from The Free Encyclopedia.com
|
|
|
|
Copyright ©
InvestorDictionary.com - All rights reserved.