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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 ?
Diplomats from various countries, business and political figures are expected to visit the gem bazaar, besides large number of gem and jewellery lovers.
For desktops, GEM penetration this year is expected to increase by a robust 9 percentage points from 36 percent in 2010.
The Opening Ceremony of the Thai Gem & Jewelry Traders Association Distribution Center will be held on December 1, 2010 from 11.
Blue Gem Coal commands a price as much as 200% higher than high-quality steam coal and is typically the highest priced grade of coal produced in the United States.
Companies such as Dell Computers, Sprint, Hertz and Office Depot and others also offer exclusive savings to GEM members.
Additional yield experiments, at several locations throughout the southern corn belt in 2001 and 2002 with topcross seed produced using LH287 and LH185Bt as testers, provided head-to-head comparisons across several Lancaster-type testers and confirmed that these germplasm lines performed well compared to elite hybrid checks, in most cases out-yielding the checks (Goodman 2002; also see the GEM website, www.
Its crystal pattern is the same as other types of quartz, like citrine, a yellow gem often mistaken for November's topaz.
Ecologists had put gem clams in that group after the East Coast species hitchhiked to the West Coast in shipments of oysters a century ago.
The company extracted a 500-kilogram sample from a mineralized emerald exposure zone resulting in several gem and near-gem emeralds being observed.
GEM president Bill Newman said the acquired publications, "combined with the international and regional trade show operations, provide buyers worldwide with a single, independent source for product and industry information and sellers with a complete marketing package.
For example, if gem dealers can confirm that a stone is from Muzo, Colombia, the most famous emerald mine, they can sell it at a premium.