Looking for fuller disclosure on Shared Equity/Shared Appreciation programs


LoanSafe Member
Returning to this forum after about a decade. I've been considering the idea of buying a second property on an acreage in the Midwest, without selling my home in WA. Could eliminate mortgage altogether if we sell but would rather stay put for the time-being, in which case we'd need a loan. But today I came across a program that apparently isn't a mortgage, but an investment opportunity. My understanding is that there would be no payments and no interest, but the value of the property would be shared between the homeowner and investor (Shared Equity provider), at a rate of somewhere between 5% and 49% depending on the amount invested. Beyond that it is difficult to get further information without getting spammed by mortgage dealers.

Does anyone on this forum have some details and insights on these programs? Anyone have an experience to share?