Graduated Payment Mortgage (GPM) Financial Glossary

What is it? 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

Finance Term Definition Added By: Landon

Send To Friends!

If you'd like to send the Graduated Payment Mortgage (GPM) definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Graduated Payment Mortgage (GPM). If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Annual Percentage Rate (APR) is The APR is the interest rate figure that indicates the total cost of borrowing, including any charges. When you borrow money, every lender is required by law to quote this rate. The APR is the best way of comparing like with like. It was introduced as part of the Consumer Credit Act of 1974 and is mostly used for credit cards, Personal Loans and mortgages.

Financial Term FullService Broker is Brokers who provide services in addition to assisting in buying and selling of securities in the secondary market. Services can include providing company profiles and investment strategy recommendations.

Financial Term FIRM is Firm hold

Financial Term Market value is The price at which a ready, willing, and informed person would buy something; the price property would command in the current market.

Financial Term Consortium Agreement is Means an agreement that contractors conclude amongst themselves for the implementation of this contract. Such an agreement shall not affect the contractors obligations to the Community and to one another arising from this contract