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What is a graduated payment mortgage?
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Asked 10/5/2010 1:55:10 AM
Updated 12/27/2014 11:20:09 AM
1 Answer/Comment
Flagged by alfred123 [12/27/2014 11:20:09 AM]
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User: What is a graduated payment mortgage?

Question
Asked 10/5/2010 1:55:10 AM
Updated 12/27/2014 11:20:09 AM
1 Answer/Comment
Flagged by alfred123 [12/27/2014 11:20:09 AM]
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Graduated payment mortgage: A type of fixed-rate mortgage in which the payment increases gradually from an initial low base level to a desired, final level.
Added 12/27/2014 11:20:02 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [12/27/2014 11:22:40 AM]
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