What is Graduated Payment Mortgage?
What is Graduated Payment Mortgage?
A Graduated Payment Mortgage is when a mortgage starts with lower monthly payments and increases over time until it finally
reaches the peak fixed amount and then stays there for the remainder of the loan.
This is great if you are just starting out in your profession but expect to increase your salary over time.
|
|
|
Mortgage FAQ
Learn everything you need to know about mortgage here!
Mortgage Calculator
Calculate your monthly payments based on interest rate and the life of the loan.
|
|
|
|
|
|
