growingequity mortgage

growing-equity mortgage

a type of mortgage under which the interest rate is fixed but monthly payments increase annually to include more of the principal, so that the mortgage can be paid off in about half the conventional term. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To growingequity mortgage
Previous Definition: growing-point
Next Definition: growl
More from
Synonyms and Antonyms for growingequity mortgage
More from
Search for articles containing growingequity mortgage Word FAQs presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Copyright © 2014, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature