# Shared-Appreciation Mortgage

> Shared-Appreciation Mortgage serves a timing, documentation, collateral, or borrower profile outside ordinary channels

| Field | Value |
|---|---|
| Stable ID | `node:kiduna:real-estate-mortgage:alternative-finance:shared-appreciation-mortgage` |
| Family | Alternative & Non-QM Finance |
| Domain | Economics |
| Era | Agentic Age |
| Kind | financial-instrument |
| Archetype | The Reservoir |
| Claim layers | empirical, cultural_historical, synthesis, interpretive, symbolic_divinatory |

## What it is

Shared-Appreciation Mortgage is a financial instrument in the Alternative & Non-QM Finance family, defined here by the function it performs in the property system rather than by label alone.

## What it actually does

Shared-Appreciation Mortgage serves a timing, documentation, collateral, or borrower profile outside ordinary channels.

## Why it exists

It exists because place is unique and immovable while law, capital, information, and human lives must still coordinate around it across time.

## System mechanics

- **Who uses it:** owner, occupant, buyer, seller, lender, investor, steward, regulator
- **Incentives:** access to capital, yield, liquidity, risk allocation
- **Inputs:** capital, terms, collateral or cash flow, counterparties, risk assumptions
- **Outputs:** funding, cash-flow claims, obligations, risk allocation
- **Dependencies:** Land, Authority, Information, Capital, Time

## Archetypal reading

- **Essence:** Shared-Appreciation Mortgage serves a timing, documentation, collateral, or borrower profile outside ordinary channels
- **Gift:** Clarity about shared-appreciation mortgage makes a hidden allocation of place, time, authority, value, or risk available for deliberate choice.
- **Wound / Shadow:** When shared-appreciation mortgage is treated as neutral or inevitable, its costs can be shifted to people who hold less information, authority, liquidity, or mobility.
- **Failure mode:** The failure mode appears when shared-appreciation mortgage is stale, opaque, mispriced, misrecorded, overextended, or applied outside the conditions that made it useful.

## Lenses

- **Personal:** Notice where shared-appreciation mortgage appears as a structure in your own commitments: what is held, promised, priced, protected, excluded, or deferred?
- **Business:** Shared-Appreciation Mortgage reveals a handoff among information, authority, incentives, operating work, and capital. Make the owner of each handoff explicit.
- **Financial:** Shared-Appreciation Mortgage changes the timing, priority, comparability, liquidity, or distribution of cash flow and risk.
- **Property:** Shared-Appreciation Mortgage changes how a physical place can be used, valued, financed, transferred, occupied, maintained, or reclaimed.
- **Community:** Shared-Appreciation Mortgage can create benefits inside one parcel while exporting costs or opportunity to neighbors, institutions, or future residents.

## Divination

The Reservoir enters the reading through Shared-Appreciation Mortgage. The issue is not only what is visible; it is which map of ownership, time, risk, authority, or belonging currently governs the situation.

**Question:** What future is being pledged through Shared-Appreciation Mortgage, and who receives protection if conditions change?

**Guidance:** Separate access from cost, payment from principal, and temporary liquidity from permanent viability.

## Game function

Moves Capital now and creates a future Claim with explicit priority and failure consequences. Initiative 1.

## Relationships

- **High-Balance Conforming Loan depends on Shared-Appreciation Mortgage.** High-Balance Conforming Loan depends on Shared-Appreciation Mortgage through a change in rights, information, cash flow, priority, timing, or physical use.
- **Land Contract depends on Shared-Appreciation Mortgage.** Land Contract depends on Shared-Appreciation Mortgage through a change in rights, information, cash flow, priority, timing, or physical use.
- **Shared-Appreciation Mortgage constrains Loan Origination System.** Shared-Appreciation Mortgage constrains Loan Origination System through a change in rights, information, cash flow, priority, timing, or physical use.

## Oppositions

- Use Value versus Exchange Value
- Speed versus Diligence

## Historical lineage and regulatory context

Read Shared-Appreciation Mortgage through the lineage of Alternative & Non-QM Finance: earlier customary or local arrangements became recorded, standardized, financed, regulated, digitized, or contested over time.

Rules vary by jurisdiction and transaction. Use the cited primary sources as starting points and verify current local law, program guides, contracts, and professional standards before operational use.

## Visual direction

Text-free rounded-square enamel artifact for Shared-Appreciation Mortgage: a luminous claim-line descending from a built form into layered earth and extending across a long brass timeline; vitreous midnight enamel, blackened steel, warm brass, copper accents, mortgage-paper cream, deep green, slate, and sky blue.

## Engine output / Sentinel handoff

The generative interpretation above is preserved as Engine Output. Sentinel factors: jurisdiction-specific rules, factual uncertainty. These factors request contextual review; they do not delete or silently rewrite the candidate.

## Research / provenance

- [Ability-to-Repay and Qualified Mortgage Rule](https://www.consumerfinance.gov/compliance/compliance-resources/mortgage-resources/ability-repay-qualified-mortgage-rule/) — Consumer Financial Protection Bureau; ATR/QM and residential underwriting.
- [Comptroller's Handbook — Commercial Real Estate Lending](https://www.occ.gov/publications-and-resources/publications/comptrollers-handbook/files/commercial-real-estate-lending/pub-ch-commercial-real-estate.pdf) — Office of the Comptroller of the Currency; CRE lending, DSCR, debt yield, cap rate, valuation, risk.
