google bot detected Shared Equity Mortgage Sem | Real Estate Glossary |

Shared Equity Mortgage Sem

Definition of "Shared equity mortgage (SEM)"

Bank receives equity participation in the house as a result of lending the homeowner money. When the house is sold, the bank will receive its proportionate share of the proceeds. In such an arrangement, the bank sometimes pays the down payment for the house because of the homeowner's poor financial condition.

Related Real Estate Glossary terms

Related Real Estate FAQ