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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 ?
Abu Dhabi's trade in pearls and precious stones represent 4.8 per cent of the total value of non-oil commodities worth Dh167 billion.
The complainant, a 58-year-old American investor, told the public prosecution investigators that his relatives, "who are into charity activities", decided to sell precious stones they inherited for Dh5 million.
"For example, if a ring with a precious stone has to be certified by the laboratory in Bahrain it will cost between BD50 and BD60, which will eventually be passed on to the customers, making the item more expensive."
The Global Witness valuation of jade mining in Myanmar is based on factors such as government production data, official sales prices and industry reports suggesting that up to 80 percent of the precious stone is smuggled directly out of the country.
In the exhibition from all over Khyber Pakhtunkhwa, Chitral, Gilgit Baltistan, Quetta and other areas of the country the Gems and Jewelry business community arranged some stall in which precious stones like Ruby, Tourmaline, Peridot, Sapphire, Emerald, Aquamarine, Topaz, Zircon, Spinel, Kunzite, Tanzanite, Manganite, Pearl, Turquoise, Lapislazuli, Citrine, Opal, Coral, Agate, Amber, Malachite, Almandine Garnet, Moon Stone, Sun Stone, Blood Stone, Amethyst, Aventurine.
"It is as big as a football, the biggest piece I have ever seen in my 60 years." Local and international media have said the find is one of the largest precious stones ever discovered.
Samir Abdullah Al Hadi, a Ministry of Commerce and Industry official present at the exhibition said, "We started our quality checking at the exhibition from the first day and so far we have not received a single issue in the jewellery which has been presented to us for quality checking." The exhibition, which runs till Saturday, December 15 invites prospective buyers to visit stall number 1110 where ministry appointed officials will verify the purity of gold and the clarity of the diamond or precious stones to give more perspective on the value of the jewelry.
Dubai: UAE authorities have tightened the regulations against anyone caught "forging" hallmarks or certification on diamonds and precious stones and then selling them here.
However, not giving up, the ant does not let go off the precious stone and tries to sneak out of the jewellery shop.
109/2000, the ministry examined 978 samples of precious stones during 2017.
Customers can usher the new year by availing of a wide selection of exquisite jewellery designs in gold, diamond, uncut and precious stone studded jewellery, intricately crafted by our artisans.
On display at the Jacob's are most beautiful treasure collections of flawless white diamonds as well as some other varying colours of the precious stone, which are rare to come by.