Graduated payment mortgage
	• Is a mortgage which frequently has relatively low payments in its early life. These relatively low payments are often insufficient to amortize the principal. Therefore with the passage of time the payment schedule is stepped-up to paydown the early negative amortization, service the interest requirement, and paydown the total principal balance.
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	Amortization Amortize Interest Its Mortgage Negative amortization Paydown Principal Time
	Related Terms
	Adjustable rate mortgage Alternative mortgage instruments Assumable mortgage Assumption of mortgage Average payment period Balloon payment Break even lease payment Break even payment rate Clearing house automated payment system Clearing house interbank payment system Closed end mortgage Collateralized mortgage obligation Collateralized mortgage obligations Conventional mortgage Date of payment Delivery versus payment Federal home loan mortgage corporation Federal national mortgage association Gmcs guaranteed mortgage certificates Government national mortgage association gnma or ginnie mae Graduated payment mortgages Mortgage Mortgage backed securities Mortgage backed securities clearing corporation Mortgage backed securities hedge funds Mortgage bond Mortgage duration Mortgage pass through securities Mortgage pass through security Mortgage pipeline Mortgage pipeline risk Mortgage rate Mortgage tax Open end mortgage Payment date Payment float Payment in kind Payment in kind pik bond Present value of a future payment Production payment financing Real estate mortgage investment conduit Remic real estate mortgage investment conduit Reverse mortgage Single payment bond Single payment note Strip mortgage participation certificate strip pc Stripped mortgage backed securities Stripped mortgage backed securities smbss Substitute cash or dividend payment Wholesale mortgage banking

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Graduated payment mortgages >>

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