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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 ?
The other four shoes in the collection are also adorned with precious stones and inspired by royalties, including Princess Diana, Grace Kelly, Cleopatra and French empress Josephine.
Official Chinese import data from 2014 indicates more than $12 billion precious stones were imported from Myanmar - the vast majority jade - dwarfing Myanmar's official figures.
Ilyas Ali Shah Kakakhel a teacher at Pakistan Gems and Jewelry Manufactures Company said that in Pakistan the digging of precious gems in Pakistan was being done on old methods and because of that precious stones were washed and destroyed.
Traditional gold ornaments encrusted with precious stones are the pride of Amritsar.
In the precious stones and jewellery sector, Africa, Canada, Russia and Australia are the chief providers of raw materials.
Summary: New regulations to govern precious stones and metals across the country from end of this year
One of the precious stone traders, Sultan Ahmad Hamidi, said they had donated the pieces to enrich the museum and familiarise the new generation with their opulent culture and history.
Two suicide attack facilitators and five precious stone smugglers have been detained in southern Kandahar and central Logar provinces, the National Directorate of Security said on Wednesday.
The bathrooms are fitted with precious stone and crystallized marble, along with Swarovski crystal water fixtures.
Therefore, Turkey could play a prominent role in diversifying Pakistan's precious stone export markets, he stressed.
HSS's target market for this and other products within the Terrorist Trap(R) line are inspection and security applications for airports, prisons, government facilities, courthouses, embassies, military checkpoints, border crossings and customs inspection stations, diamond and precious stone companies, factories and laboratories with proprietary assets.
Therefore, Turkey could play a prominent role in diversifying Pakistans precious stone export markets, he stressed.