Graduated payment mortgage (GPM) is a mortgage on which the payment rises by a constant percent for a specified number of periods, after which it levels out over the remaining term and amortizes fully. For example, the payment might increase by 7. 5% every 12 months for 60 months, after which it is constant for the remaining term at a fully amortizing level.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). graduated payment mortgage (gpm). Retrieved September 29, 2026, from http://smartdefine.org/graduated_payment_mortgage_(gpm)/definitions/1155080 |
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