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Growing-equity mortgage
A fixed rate mortgage that increases payments over a specific period of time. The extra funds are applied to the principal.
Related Terms
Home equity conversion mortgage
Home equity loan
Reverse mortgage
Equity
Homesteading
Sweat equity
Trade equity
Shared-equity transaction
Credit union
Partnership
Alternative mortgage
Rehabilitation mortgage
Purchase-money mortgage
Fully amortized adjustable-rate mortgage
Biweekly mortgage
Blanket mortgage
First mortgage
Buy-down mortgage
Convertible adjustable-rate mortgage
Assumable mortgage
Freddie Mac
Fannie Mae
Impounds
Mortgage life insurance
Two-step mortgage
Mortgage broker
Multifamily mortgage
Graduated-payment mortgage (GPM)
Delinquent mortgage
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