Definitions for "Equity mortgage"
A mortgage in which a lender offers a favorable interest rate in exchange for a portion of the profits when the borrower sells the home.
A mortgage that is based solely on the equity in your home, the normal requirements are not used if there is enough equity in your home.
A debt secured by a lien against real estate that usually is subordinate to a previous mortgage and is based or given on the amount of equity one has in real estate after deducting the previous mortgage.
Keywords:  asset, house, own, secured, part
A loan secured by the part of the value of an asset (usually house) which you own.