What is the meaning of GEM (growing equity mortgage)?

GEM > growing equity mortgage

Mortgage in which annual increases in monthly payments are used to reduce outstanding principal and to shorten the term of the loan.

Barry Goldsmith
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APABarry Goldsmith. (2010). GEM (growing equity mortgage). Retrieved September 28, 2026, from http://smartdefine.org/gem_(growing_equity_mortgage)/definitions/1154832
ChicagoBarry Goldsmith. 2010. "GEM (growing equity mortgage)" http://smartdefine.org/gem_(growing_equity_mortgage)/definitions/1154832 (accessed September 28, 2026).
HarvardBarry Goldsmith 2010, GEM (growing equity mortgage), Smart Define, viewed 28 September, 2026, <http://smartdefine.org/gem_(growing_equity_mortgage)/definitions/1154832>.
MLABarry Goldsmith. "GEM (growing equity mortgage)" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/gem_(growing_equity_mortgage)/definitions/1154832>