Growing-Equity Mortgage

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Growing-Equity Mortgage
Fixed rate mortgage where monthly payments increase over time in line with a predetermined schedule. The first payment fully amortizes the loan so that the additional payment every period goes towards the remaining balance of the mortgage.

Recommended for you:

  1. GEMs (Growing-Equity Mortgages)
  2. Graduated-Payment Mortgages (GPMs)
  3. ARM- Adjustable Rate Mortgage
  4. Equity Floor
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