GPM in Mortgage Meaning
The GPM meaning in Mortgage terms is "Graduated Payment Mortgage". There are 1 related meanings of the GPM Mortgage abbreviation.
GPM on Mortgage Full Forms
- Graduated Payment Mortgage A fixed-rate, fixed-schedule loan. It starts with lower payments than a level payment loan; payments rise annually, with the entire increase being used to reduce the outstanding balance. The increase in payments may enable the borrower to pay off a 30-year loan in 15 to 20 years, or less.
Frequently Asked Questions (FAQ)
What does GPM stand for Mortgage?
GPM stands for Graduated Payment Mortgage in Mortgage terms.
What is the shortened form of Graduated Payment Mortgage in Mortgage?
The short form of "Graduated Payment Mortgage" is GPM for Mortgage.
Citation
GPM in Mortgage. Acronym24.com. (2022, February 20). Retrieved May 17, 2024 from https://acronym24.com/gpm-meaning-in-mortgage/
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