Select to calculate a mortgage which has level payments for one year, at which time they grow by a specified percentage amount (the graduation rate) for another year. This continues for a specified number of years (the graduation period). At the end of any particular year, the payment amount may be adjusted to pay off the remaining balance over the number of years left to maturity.

See: Graduated Payment Mortgages

A mortgage loan whose monthly payments increase gradually over the first several years and then are fixed for the remainder of the term. GPMs are issued as a way for new home owners to afford the mortgage payments on a property.

Graduated Payment Mortgage. A mortgage that starts with lower monthly payments that increase at a predetermined rate over time.

graduated payment mortgage. A type of flexible-payment mortgage wherein payments begin at a low level and increase over time based on a predetermined schedule. Most GPMs provide for scheduled negative amortization.

Graduated Payment Mortgage. A mortgage with a structured repayment schedule to enable borrowers to meet monthly payments. The monthly payments rise at a set rate over a set period of time and then become constant for the remaining term of the loan. Negative amortization occurs during the first few years since the initial payments do not cover the interest due on the loan.

A mortgage that requires a borrower to make larger monthly payments over the term of the loan. The payment is unusually low for the first few years but gradually rises until year three or five, then remains fixed.

Graduated Payment Mortgage. A mortgage with monthly payments that are smaller at the beginning of the loan period and gradually increase by a specified amount for the first five or ten years, after which they become fixed. A GPM has a fixed interest rate and fixed loan period.

Graduated Payment Mortgage. A type of flexible-payment mortgage where the payments increase for a specified period of time and then level off. This type of mortgage has negative amortization built into it.

graduated payment mortgage. A fixed-interest loan with lower payments in the early years than the later years. The amount of the payment gradually increases over a period of time and then levels off at a payment sufficient to pay off the loan over the remaining amortization period. Go to Top

A flexible mortgage for which the payments increase over a given period and then level off. Negative amortization is built into this mortgage.

Graduated Payment Mortgage. A mortgage in which monthly payments start low and increase over a specific period of time and then level off.

Graduate Payment Mortgage. A mortgage with lower initial monthly payments than required for full amortization of the loan. Payments are then increased by a specified percent each year of the graduated payment period. At the end of the period, payments are in an amount that will fully amortize the mortgage. Grants Funds given to the borrower by an organization for a special purpose. Eligible sources include a church, public or non-profit organization and may be used for down payment, closing costs or to satisfy reserve requirements.

GRADUATED PAYMENT MORTGAGE. A loan in which the periodic payments increase at a stated rate over a stated period of time before leveling off for the remainder of the term of the loan (compare to "ARM).

general management plan; graduated payment mortgage

Graduated Payment Mortgage. A mortgage whose initial payments start low, but increase over time.

Graduated Payment Mortgage. Flexible-payment loan payments increase for a specified period of time and then level off. This type of loan has negative amortizationbuilt into it.

Graduated Payment Mortgage. A mortgage based on payments that will be increased over time dependent on a predetermined schedule.

Graduated Payment Mortgage. A type of mortgage where the payments increase for a specified period of time and then level off to consistent payments. This type of mortgage involves negative amortization.

Graduated Payment Mortgage. A mortgage that usually starts the borrower with low payments that are gradually increased over five to ten years, before leveling off for the remainder of the term of the loan until the loan is fully amortized. Negative amortization usually occurs until the payment reaches the level payment stage. Usually government insured loans (VA or FHA) Growing Equity Mortgage (GEM) This is a long-term mortgage whereby the borrower agrees to increase his payment each year by an agreed amount. The added money per payment is applied directly to the outstanding principal on the mortgage. The mortgage thereby is paid off in a shorter number of years.

Graduated Payment Mortgage. Grandfathered Activities

Graduated Payment Mortgage. A mortgage that starts with low monthly payments that increase at a predetermined rate. The initial monthly payments are set at an amount lower than that required for full amortization of the debt.

Graduated Payment Mortgage. Mortgage in which initial low payments (with potential negative amortization) increase regularly for several years and then level off.

Graduated Payment Mortgage. A type of flexible payment mortgage where the payments increase for a specified period of time and then level off. Usually results in negative amortization.

graduated payment mortgage. Payments are adjustable.

Graduated Payment Mortgage. monthly payments start low and increase at a predetermined rate. Compare to "ARM".

Graduated Payment Mortgage. A mortgage with an interest rate that starts out low and increases gradually according to a predetermined rate.

See " graduated payment mortgage."

Graduated Payment Mortgage. A fixed-rate, fixed-schedule loan which starts with lower payments than a level payment loan; the payments rise annually over the first 5 to 10 years and then remain constant for the remainder of the loan. GPMs involve negative amortization.

Graduated payment mortgage. A mortgage that starts with low monthly payments that increase at a predetermined rate. Be aware that most GPM's include a negative amortization clause.

GRADUATED PAYMENT MORTGAGE. Monthly payments are lower in the early years than in the later years of the loan. This arrangement allows many families to buy a home with monthly payments that are affordable at the time of purchase and make higher payments as income rises.

Graduated Payment Mortgage. A mortgage that has initial monthly payments set at an amount lower than that required for full amortization of the debt. The payments are then increased by a specified percentage each year during the graduated payment period. At the end of the period, payments are in an amount that will fully amortize the mortgage.

Graduated payment mortgage. A mortgage, deed or trust beginning with a lower monthly payment and increasing by a predetermined rate at predetermined intervals.

GRADUATED PAYMENT MORTGAGE. Mortgage payments that increase over the term of the loan to allow for low initial payments.

Graduated Payment Mortgage. Repayment plan for a mortgage in which low initial payments gradually rise to a level payment.

Graduated Payment Mortgage. A mortgage that has lower payments initially (with potential negative amortization) which increase each year until the loan is fully amortized.

Graduated Payment Mortgage. Loan where payment increases by a pre-determined schedule of some index.

Graduated Payment Mortgage. A residential mortgage loan which has initial low monthly payments that increase gradually and then level off for the duration of the loan term. A GPM with an adjustable interest rate may result in initial negative amortization.

Graduated Payment Mortgage. A loan in which the monthly principal and interest rates increase increase for a specified period of time and then level off for the remaining loan term.

Graduated Payment Mortgage. Mortgage loan in which the mortgage payments increase for a specified period of time and then level off.

Graduated Payment Mortgage. A mortgage loan that starts with lower monthly payments and increases over time at a designated rate.

Graduated Payment Mortgage. A type of mortgage that allows for a lower initial payment that increases over time, and then levels off. The difference between the lower initial payment and the required amortized payment is added to the unpaid principal balance, and referred as negative amortization.

Graduated Payment Mortgage. A type of mortgage with payments that are initially very low, but will rise for a specified amount of time before finally leveling off. This type of mortgage has Negative Amortization built into it.

Graduated Payment Mortgage. A loan program that has smaller loan payments in the early years and larger payments in later years of the loan.

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Graduated Payment Mortgage. The first few years of the mortgage payments are low then gradually increase until the loan is completely amortized.