Graduated Payment Mortgage (GPM)

Definition of "Graduated Payment Mortgage (GPM)"

RJ  Perez real estate agent
RJ Perez, Real Estate Agent Halo Group Realty

A mortgage on which the payment rises by a constant percent for a specified number of periods, after which it becomes fully-amortizing.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Mortgage Terms

Popular Mortgage Questions