A sequential payment loan wherein the installments paid by borrower are initially lower when compared with a peer group interest rate mortgage. The installments gradually increase over a specified number of years, usually, 3 to 7 years. Then they are fixed at a level pay schedule. This is hig...
A graduated-payment mortgage begins with a lower payment and each year increases the payment for the first five or 10 years. They’re available as FHA loans.
Related to Graduated-payment mortgage:Growing Equity Mortgage Graduated-payment mortgage (GPM) A type of stepped-paymentloanin which the borrower's payments are initially lower than those on a comparablelevel-ratemortgage. The payments gradually increase over a predetermined period (usually 3, 5, or...
Graduated-equity mortgage (GEM) definition - What does Graduated-equity mortgage (GEM) mean? A loan for which payments increase according to a prearranged schedule and the increases repay the debt faster than a conventional, fixed-payment mortgage.
A definition of the term "graduated payment mortgage" is presented. It refers to a mortgage with payments that begin below the required amount to amortize the debt over an agreed upon term and increase at specified times during the term. The mortgage is popular during anticipated times of highe...
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graduated payment mortgage A home loan structured to provide lower payments in the early years, growing as the homeowners' financial situation hopefully improves. The FHA-insured graduated payment mortgage plan is called a 245 loan.(Do not confuse with the FHA-insured 245(a) program,called a gro...
Definition of Graduated Tax in the Legal Dictionary - by Free online English dictionary and encyclopedia. What is Graduated Tax? Meaning of Graduated Tax as a legal term. What does Graduated Tax mean in law?
Define graduated table. graduated table synonyms, graduated table pronunciation, graduated table translation, English dictionary definition of graduated table. Noun 1. graduated table - an ordered reference standard; "judging on a scale of 1 to 10" order
Twitter Google Share on Facebook GRF (redirected fromGraduated Readiness Force) Category filter: AcronymDefinition GRFGraph(File Name Extension) GRFGeneral Revenue Fund(United States) GRFGeneral Revenue Fund(Canada) GRFGraduate Research Fellowship(various organizations) ...