Growing Equity Mortgage (GEM)

 

Home
Site Map
Add Term
Search
About Us
Contributors

Growing Equity Mortgage (gem)

A fixed rate, graduated payment loan allowing low beginning payments and a shorter term because of higher payments as the loan progress. Based on the theory of increasing income by the buyer and, therefore. ability to make higher future payments. When state law applies, usury laws in some states may not presently allow such loans when less than interest only payments create interest on interest.

Growing Equity Mortgage (GEM)

Mortgage with a fixed interest rate and payments that increase throughout the term of the mortgage.



Growing Equity Mortgage (GEM)

Similar Matches

Shared appreciation mortgage

Shared appreciation mortgage

A loan that allows a lender or other party to share in the borrower's profits when the home is sold.


Mortgage Banker

Mortgage Banker

A company providing mortgage financing with its own funds rather than simply bringing together lender and borrower, as does a mortgage broker. Although the mortgage banker used its own funds, these funds are generally borrowed and the financing is either short term or, it long term, the mortgages are sold to investors (many times insurance companies) within a short time.


Lehman Brothers Adjustable Rate Mortgage Index

Lehman Brothers Adjustable Rate Mortgage Index

A benchmark index that includes all agency-guaranteed securities with coupons that periodically adjust based on a spread over a published index.


First mortgage

First mortgage

A type of mortgage that through a lien gives precedence to the lender of the first mortgage over all other lenders in case of default.


Self amortizing mortgage

Self amortizing mortgage

Mortgage whose entire principal is paid off in a specified period of time with regular interest and principal payments.


Further Suggestions

mortgage agreement in principle
flexible mortgage account
Wraparound mortgage
Mortgage code arbitration scheme
Mortgage reference fee
Mortgage pipeline
Wraparound mortgage
Government insured mortgage
Senior mortgage bond
Low start mortgage
variable rate mortgage
Stepped fixed rate mortgage
Mortgage pipeline risk
Assumable mortgage
Mortgage Insurance
Federal National Mortgage Association (FannieMae)
Variable rate mortgages
reverse mortgage
Secondary Mortgage Market
Consolidated mortgage bond
General Mortgage Bond
adjustable rate mortgage
Open End Mortgage
Self certification mortgage
Guarantee mortgage


 
All rights Reserved. Do not copy without permission.