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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 ?
The participants aACoeshowered praise on the organisational activitiesaACA[yen] of JeM and the role played by Masood Azhar.
In an intelligence led operation in the early hours of today, India struck the biggest training camp of JeM in Balakot.
"JEM categorically denies any involvement in the alleged skirmish between the warring parties in South Sudan," Bilal said before to add "the war in South Sudan does not serve the cause for which JEM struggles".
Hawala trail As an alternative, the JeM has found other ways to make sure money reaches the militants.
JEM full-deployment decisions were made for the standalone version of the program in 2008 and for the Global Command and Control System-Army, the Global Command and Control System-Joint, the Command and Control Personal Computer, and the Joint Tactical Common Operating Picture Workstation in 2010.
"Unicef will have unimpeded access to all Jem locations to verify compliance with the agreement and the Jem will promise to designate a senior official as the focal point overseeing the agreement's implementation."
Violence has spiked in the mostly desert region since JEM suspended participation in troubled peace talks in the Qatari capital Doha in May.
JEM told Reuters its troops came across Sudanese army forces guarding a convoy of military vehicles and ammunition trucks and said the soldiers had fired the first shots.
The initial framework included a ceasefire, plans to integrate the JEM into Sudan's army and a promise to reach a final peace pact by March 15.
He did not go into details but earlier JEM delegates in the Chadian capital had told Reuters they were poised to sign a 'framework agreement', which was not a full peace deal but would set out the terms for future negotiations.
POOLE is significantly expanding its open-race portfolio after excellent responses to recent competitions and the first new event is the Jem Racing Stayers Trophy over 640m (May 5).