Meaning 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 at a level-pay schedule, which will be higher than the level-pay amortization of a level-pay mortgage originated at the same time. The difference between what the borrower actually pays and the amount required to fully amortize the mortgage is added to the unpaid principal balance
More terms such as Graduated-payment mortgage (GPM) in Dictionary G.
- Definition Gold Mutual Fund:
- Examples A mutual fund that primarily invests in gold-mining companies' stock graduated-payment mortgage (gpm) definition.
- Definition Greater Fool Theory:
- Examples notion that even when a stock is fully valued by conventional standards, there is room for upward movement because there are enough buyers to push prices farther upward purely on speculation or hype graduated-payment mortgage (gpm) explain.
- Definition GNMA-I:
- Examples securities (M.B.S.) on which registered holders receive separate principal and interest payments on each of their certificates, usually directly from the servicer of the M.B.S. pool. GNMA-I mortgage graduated-payment mortgage (gpm) what is.
- Definition Gross Estate:
- Examples The total value of a person's property and assets before accounting for debts, taxes, and liabilities graduated-payment mortgage (gpm) meaning.
- Definition Growth Phase:
- Examples A phase of development during which a company experiences rapid earnings growth as it produces new products and expands market share graduated-payment mortgage (gpm) abbreviation.
