What does AM stand for?

Annuity Mortgage

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

Other Resources:

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Samples in periodicals archive:

Reverse annuity mortgages pay an annuity while equity decreases.

Secrets of Mortgages Explained

Reverse annuity mortgages (RAM) were created to allow older Americans to tap into the equity of their paid for or nearly paid for home.

Reverse Annuity Mortgage ? Tapping into Your Equity

In addition, estimation results for consumption functions with respect to various kinds of wealth suggest that the annuitization of wealth because of the maturing of public pensions and the introduction of reverse annuity mortgages is likely to further decrease the savings rate in the future.

Chun

Almost none of this goes to long-term care, and reverse annuity mortgages don't sell, because Medicaid exempts the home - the government will pay.

"Long-term care as we know it is finished...." (interview with ...

She and her colleagues studied the awareness of four main alternatives: private long-term care insurance, accelerated death benefit, reverse annuity mortgage, and housing lease-back.

Financing long-term care for the elderly

THE original mortgage is the repayment, sometimes referred to as an annuity mortgage.

REPAYMENT MORTGAGE IS A FLEXIBLE FRIEND; Money Mail

Reverse mortgaging must be distinguished from a Reverse Annuity Mortgage (RAM) and swap.

Reverse mortgage: an alternative to the assumption option

Further, as mentioned in our attached technical comments, the definition of negative amortization may have the unintended consequence of restricting reverse annuity mortgages because the balance on these loans increases with the payouts to the elderly borrower over the loan term.

Statements to the Congress