A variable interest rate on a home loan that changes while allowing the borrower to repay the debt.
Related information about flexible payment mortgage:
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Flexible Payment definition from the mortgage glossary at QuickenLoans.com. Learn mortgage terms and jargon with the Quicken Loans Mortgage Glossary.
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Sep 6, 2004 ... Borrowers need a flexible payment mortgage that would allow them to accumulate a reserve within the mortgage by paying extra when they ...
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The GPM was an outgrowth of the "flexible payment" mortgage authorized by the Federal Home. Loan Bank Board in February 1974, which omitted amortization ...
- Variable-Payment Plan: Definition from Answers.com
Changes may occur as a result of: the expiration of an interest-only period ( flexible payment mortgage), a planned step-up in payments (graduated payment ...
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- Glossary G - RoundPoint Mortgage Servicing Corporation
Graduated Payment Mortgage (GPM): A type of flexible payment mortgage where the payments increase for a specific period of time and then level off. Grantee: ...