Asset Integrated Mortgage Law and Legal Definition
An asset integrated mortgage is a hybrid mortgage that combines a home loan and a fixed insurance annuity. It is a mortgage provided by Fannie Mae which combines a fixed or adjustable rate mortgage with a tax-deferred life insurance annuity. An asset integrated mortgage is beneficial to individuals who have difficulty saving money or do not contribute regularly to another tax-deferred investment. It is also referred to as an AIM.
