Growing Equity Mortgage (GEM)
Definition
A loan in which the monthly payments increase annually, with the increased amount being used to reduce directly the principal balance outstanding and thus shorten the overall term of the loan.
Related Articles
- Fundamental Analysis *
- What Is A Commodity? *
- "Bull Spread" Stock Option Investment Strategy *
- Choose Mutual Funds Carefully *
- Types of Cash Investments *
- Tax Implications of Different Types of Investments *
- Rearranging a Portfolio with ETFs *
- Real Estate as an Investment *
Related Videos
http://www.businessdictionary.com/definition/Growing-Equity-Mortgage-GEM.html
