- graduated payments mortgage
- Fina low start mortgage.Abbr. GPM
The ultimate business dictionary. 2015.
graduated payments mortgage
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graduated payment mortgage — graduated payment mortgage, U.S. a mortgage on which monthly payments are low in the early years after purchase of a house, rising gradually thereafter … Useful english dictionary
Graduated Payment Mortgage — A type of fixed rate mortgage in which the payment increases gradually from an initial low base level to a desired, final level. Typically, the payments will grow 7 12% annually from their initial base payment amount until the full payment is… … Investment dictionary
Graduated payment mortgage loan — A graduated payment mortgage loan, often referred to as GPM, is a mortgage with low initial monthly payments which gradually increase over a specified time frame. These plans are mostly geared towards young men and women who cannot afford large… … Wikipedia
graduated-payment mortgage — ( GPM) A type of stepped payment loan in which the borrower s payments are initially lower than those on a comparable level rate mortgage. The payments gradually increase over a predetermined period (usually 3, 5, or 7 years), and then are fixed… … Financial and business terms
graduated payment mortgage — /ˌgrædʒueɪtɪd ˌpeɪmənt mɔ:gɪdʒ/ noun a mortgage where the monthly payments gradually rise over the lifetime of the mortgage. Abbreviation GPM … Dictionary of banking and finance
Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets … Wikipedia
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
Mortgage note — In the US a mortgage note is a promissory note associated with a specified mortgage loan; it is a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise. While the mortgage… … Wikipedia
Graduated-payment mortgages (GPMs) — A type of stepped payment loan in which the borrower s payments are initially lower than those on a comparable level rate mortgage. The payments are gradually increased over a predetermined period (usually 3,5, or 7 years) and then are fixed at a … Financial and business terms
Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… … Wikipedia
