Graduated Payment Mortgage: News

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Graduated Payment Mortgage (GPM)

A graduated payment mortgage (GPM) is type of mortgage loan where the mortgage payments increase gradually for a period established in the loan product, typically five years. This is a negatively amortizing loan, which means that the difference between the interest paid and the interest due is deferred and added to the loan balances. Because of this, your loan amount will increase once you start paying off the loan; it will amortize normally at the end of the loan period. These loan products are more popular when the interest rates are higher, providing a financial incentive for potential buyers.

Since many lenders will qualify a buyer at a lower rate, a buyer can secure a larger mortgage. These loan types are good for those buyers who expect their incomes to increase to cover the increase in loan amount.

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Graduated Payment Mortgage
A graduated payment mortgage is type of mortgage loan where the mortgage payments increase gradually for a period

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