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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 ?
Under the terms of the agreement, NRD acquired all of Ruby Tuesday's common stock for USD 2.
The Ruby bean hails from various regions worldwide, including Ivory Coast, Brazil and Ecuador, reports Today.
Ruby was born weighing a healthy 6lb 3oz and was described as a "normal" and "happy" baby.
Given what we've just said about how easy Ruby makes it to modify things, it might seem odd that Ruby also supports functional programming.
The snacks are a nod to the slang and the late singer Ruby who is one of Belfast's most famous exports.
Ruby studied travel and tourism, and worked as a travel agent.
I clearly remember taking Ruby to Red Boots for the first time, it wasn't exactly a playgroup
Community engagement and networking was at the heart of the conference with initiatives like 'Lightning Talks', a series of 5 minute talks by audience members on a topic of their choice and Open Job Boards to highlight Ruby programming opportunities in India.
Ruby Moonlight is a dark, realistic, descriptive story, with themes of murder, jealousy, trust and love.
It is said that Ruby and Sharif, despite their separation, are always in contact and that Ruby considers Sharif to be a very talented director.
And now that Ruby can jet about on her trike, she has gained confidence in herself.
Ruby called the toll free number and spoke to a CFH Specialist.