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LeoGlossary: Growing Equity Mortgage (GEM)

-2
3 years ago
inLeoFinance

A mortgage which has annual monthly payment increases are used to reduce the principle of the loan and reduce the term.

LeoFinanceleoglossarygrowingequitymortgagegemrealestatetermpropertymortgagehomeleofinance
3 years ago
leoglossary-2
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