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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
'As we retire the 100 percent successful GEM 60, we look forward to flying evolved GEM motors on the Atlas V and future vehicles.'
Under the agreement, Pro Civil will make a one-off payment of USD5.4 million to Gem Diamonds, who will use the sale proceeds from general corporate purposes.
Gem, with his calm and collected demeanor, is an epitome of a life in prayer.
While talking to APP the patron in chief of the APCEA Mamoor Khan told that the gem center is the first of its kind in the country and provincial government has provided a plot of 4.5 Kanal at Kohat road on 30 to 35 year lease to establish gem center.
Dywedodd Dylan: "Hon fydd gem olaf ei flwyddyn gyntaf wrth y llyw, a diwedd blwyddyn o lot o newid.
"The truly global nature and depth of the work undertaken by GEM enables us to access some of the best and most consistent data to inform our view of risk and help our clients understand theirs," said Karl Jones, head of Catastrophe Analytics, Willis Re International.
The Second Gem Bazar was attended by a large number of visitors and diplomats of various countries.
Other characters are equally rich in depth, each contributing to Gem and Dixie's adventure, including a transgender girl who befriends Gem, and the school guidance counselor who helps Gem unpack her feelings.
In accordance with the shareholders' agreement, the chairmanship rotates every three years between IPIC and Enoc -- two of Gem's major shareholders.
22 September 2014 - US exterior building products supplier Ply Gem Holdings Inc (NYSE:PGEM) said today it had completed the acquisition of Simonton Windows, formerly a division of Fortune Brands Home & Security Inc (NYSE:FBHS).
For those who are bored by marigolds, as well as those who love them, let me introduce Lemon Gem and its kin.