Graduated Payment Mortgage Loan (GPM)

Here we're gonna talk about graduated payment mortgages which are sometimes abbreviated as GPM. So a graduated-payment mortgage is a mortgage in which the payments are going to gradually increase or step up over time. So for example in the first…

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Introduction to Mortgages

A mortgage is just a loan in which real estate is serving as the collateral for the loan. So you decide that you want to purchase a home, for example, and you put the home off the real estate as collateral to the lender. So who's the lender? Wel…

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