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GEM (growing equity mortgage)

Mortgage in which annual increases in monthly payments are used to reduce outstanding principal and to shorten the term of the loan.


In numismatics, a high quality coin. These coins may be valuable as collector's items, though they are illiquid assets. It may also refer to the beauty of the coin regardless of quality.

growing equity mortgage (GEM)

A home loan arrangement in which the payments are increased each year by a specific amount,with the additional money credited to additional principal reduction. As a result, the loan is paid in full earlier than the normal amortization period.The FHA-
insured GEM program is called a 245(a) loan.

References in periodicals archive ?
Increasing demand for jewelry as well as inclusion of gems in jewelry products owing to increasing spending of the consumers as well as changing lifestyle is expected to drive the demand for jewelry products over the forecast period thereby increasing the demand for gemstones.
Al-Harbi said a man once tried to sell him a gemstone called the "Yamani Emerald," which he said he had bought from an Iraqi traveler for SR3 million.
ATLANTA, June 30, 2014 /PRNewswire/ -- Ophir Collection, LLC has announced that the Ophir Collection of rare gemstones (http://www.
These Gem Bazaars have provided the gemstone dealers and buyers with a lucrative platform, to meet and wrap-up business deals in the most transparent and fair environment.
Our centres in Al Wb and Duhail now offer natural gemstone facials at very attractive rates.
Michaeles, representing the Y, countered that the trust had spent more than $1 million of the money loaned by Gemstone to pay legal settlements, not for road or infrastructure improvements.
The remainder control diamonds and gemstones indirectly in the same way they do other material items.
A new 1,000-square-foot interpretive centre is being built on the property where more polished gemstones will be displayed and sold.
Their web site offers the in-depth education necessary to make informed online Pink Emerald and precious gemstone purchases with confidence.
A total of 40 rare and exquisite gemstones are included in the collection, the majority of which are the largest known specimens of their kind in the world.
The availability of gemstone identification laboratory ensures transparent and fair trade of precious/semiprecious gemstones and mineral specimen which are brought in from all across the country, he added.