.png){kind=logo}
An alternative mortgage is any mortgage that is not a traditional, fixed-rate mortgage, like an adjustable-rate mortgage or an interest-only mortgage. These mortgages are a recent banking innovation, but riskier than traditional mortgages.
An alternative mortgage instrument (AMI) is any residential mortgage loan that is offered by non-standard lenders (non-banks) and deviates from standard mortgage practices. For instance, it may be a mortgage that is not fixed-rate, fully amortizing, has monthly or periodic payments, or a standard term of repayment.
Sometimes, an AMI is a loan with real property as collateral, with the money being used for some other purpose than purchasing the property
Extra reading:
https://www.investopedia.com/terms/a/alternative_mtg_instrument.asp
https://www.insiderintelligence.com/insights/alternative-nonbank-mortgage-lending/
https://www.nesto.ca/mortgage-basics/what-are-alternative-mortgage-lenders/
If you have any other questions please feel free to reach out to us using the contact us page.
Customer Support
%201.png){kind=small}
%201.png){kind=small}
The MetaWealth™ platform is operated by MetaWealth™ International, which is not a registered broker-dealer or investment advisor. MetaWealth™ does not provide investment advice, endorsement or recommendations with respect to any properties listed on the platform. Nothing on the platform, website or application should be construed as an offer to sell, solicitation of an offer to buy or a recommendation in respect of a security. You are solely responsible for determining whether any investment, investment strategy or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. It’s important to remember that the value of any investment can go up or down. You should consult with licensed legal professionals and investment advisors for any legal, tax, insurance or investment advice before making an investment decision. A financial advisor can help you to understand your financial goals and risk tolerance, and provide guidance on the best investment opportunities for you. MetaWealth™ does not guarantee any investment performance, outcome or return of capital for any investment opportunity posted on this site. MetaWealth™ is under no obligation to maximise profits. Our primary commitment is to safeguard investor capital and strive to deliver on projected returns. By investing, participants agree to relinquish any claims to profits or returns beyond those expressly projected and realised, as stated herein. By accessing the platform including web site and application, any pages thereof, you agree to be bound by the Terms of Service and Privacy Policy.