Participation Mortgages


Definition of "Participation mortgages"

Ashley Mace
  CENTURY 21 Towne & Country


  1. Involves more than one borrower being responsible for a mortgage, such as with a cooperative apartment.
  2. Involves more than one mortgagee lent on a real estate project, such as with a large commercial project.
  3. Agreement between a mortgagee and a mortgagor that provides for the lender having a certain percentage ownership in the project once the lender makes the loan.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Cash Flow Underwriting

Pricing of the insurance product below the necessary premium rate to reflect the costs of expected l ...

Development Cost

All the costs involved in constructing a development project including the cost of acquiring a parce ...

Reimburse Benefits

Payment by the insurance company to the insured for the actual expenses incurred by the insured, suc ...

Camera Floater

Camera and related equipment coverage found in inland marine insurance. ...

Expense Limitation

Ceiling on expense reimbursement allowance, as stated in New York insurance law, that an insurance c ...

Due-on-sale Clause

Provision allowing the lender to require full payment of the mortgage when the initial buyer resells ...

Related Real Estate FAQ

What Is An Assessed Value?

The public tax assessor value of a property as determined for the purpose of taxation. ...

How Much Income Do I Need ?

Mortgage companies use ratios to analyze your mortgage payment. The housing payment ratio (or front ...

What Is A Credit Report?

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

What Is A Basic Policy?

A basic policy is a homeowners insurance policy that covers certain perils. ...

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obli ...

What Does FSBO Mean?

FSBO means for sale by owner. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How To Choose A Realtor When to Dispute Your Home Appraisal Build or Buy? That’s the Big Question How To Get A Loan with Bad Credit What do Real Estate Attorneys do?

FAQ

What is a counteroffer? What is title insurance? How much Life Insurance do I need? What is a fixed-rate mortgage? What is hazard insurance?