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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 meeting provides guidance on the development of all areas of jewelry and organizing the extraction of the necessary precious stones for the industry.
Re-exports of pearl and precious stones was valued at Dh477 million, while 2017 saw the re-export of pearl and precious stones worth Dh2.5 billion in 2017.
The majority of the sized are precious stones, metal and monetary pieces and a piece in the shape a statue.
Speaking with Express in an exclusive interview, Yar said that his interest in precious stones started when he was a child, but he never knew how much it would amplify over time.
The Ministry of Commerce and Industry (MoCI) said that the samples were collected from Omanis, residents and precious stone importers.
The Ministry of Commerce and Industry urged traders who buy precious stones to ensure having the stone card, as stipulated at article No 7 of the Royal Decree 109/2000.
People began to learn what malachite, moonstone and other precious stones were.
The Dh5 million in question was wired as part of a purchase deal of precious stones. However, the alleged fraud bid by the owner was foiled after the UAE Central Bank seized the amount, suspecting it to be earned illegally.
He said so many policies have been devised for the proper utilization of these precious stones to generate revenue for the region.
KARACHI -- Two-day second Gems Bazaar will start on Friday here at Federation of Pakistan Chambers of Commerce and Industry, to promote excavation, manufacturing and export of precious and semi precious stones of Pakistan, which are very popular in the world.
The Egypt-based jewellery designer discovered her passion for precious stones right before deciding to shower women of the Middle East and the world with her signature designs.
The regulation requires that every piece of jewellery containing precious stones, diamonds and pearls sold in Bahrain to carry an international certification or be certified by Danat, a pearl and gemstone testing institute.