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Real Estate Glossary
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Graduated-payment mortgage (GPM):
A mortgage that requires a borrower to make larger monthly payments over the term of the loan. The payment is unusually low for the first few years but gradually rises until year three or five, then remains fixed.
As defined by Inman
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The definition for Graduated-payment mortgage (GPM) and
this glossary as a whole are presented to you as a courtesy of ForeclosuresMass.
For other terms, explinations, definitions and descriptions, please
visit our Glossary page.
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