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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 ?
This unique offering is available to all GEMS families who are Emirates NBD customers.
Due to law and order problems, the excavation of gems was stopped in Balochistan and Northern Areas which are rich in precious stones.
GEMS Vertus School will be located in the Al Waha region of Dubai, and will offer the National Curriculum for England.
Such bazaars/expos would be held in Lahore and Islamabad as well, with the objective of promoting gems and jewellery industry from mining of precious stones to export of the jewellery through exploration of new markets in the world.
Many students from GEMS schools exceeded an average score of 40 (out of a maximum of 45).
With worldwide notebook shipments expected to amount to more than 230 million units this year, GEMs will be in about 115 million notebooks by the end of 2011.
This will also to facilitate trading between Thai suppliers and Indian gems & jewelry wholesalers, retailers and consumers who are in high demands of quality gems & jewelry from Thailand.
These hybrids were contributed to the GEM project by Bruce Maunder (retired vice-president of Dekalb Agricultural Research).
After it is extracted from the rock, garnet is cut and polished to shine as a deep red gem.
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.
The company extracted a 500-kilogram sample from a mineralized emerald exposure zone resulting in several gem and near-gem emeralds being observed.
Besides cooperating on desert digs, gem hobbyists work together on the exhibit of shimmering gems and minerals at the fair.