"I was previously working with a few different loan officers on all my real estate transactions. Because a few deals went sour, I decided to try someone at 800775LOAN.com. I am pleased to say that they treated my client as they would their own family. I am committed to only working with them in the future!"

- Rick L
Real Estate Broker

* * * * *

More Testimonials




Search in Your Area

Search Mortgage Lenders

Search Mortgage Rates


Waiting for the Right Rate?

Get mortgage rates delivered to your inbox.
No Spam Guaranteed


Mortgage Info Center

Growing Equity Mortgage

Growing Equity Mortgage

A growing equity mortgage, or GEM, is a fixed rate mortgage whose payments increase by a fixed amount over a given schedule for an established period of time, often the entire term of the loan (for example, the monthly payment may increase annually over the 15 year term of the loan). The monthly payment may increase monthly, or annually. The increase in payment is applied directly toward the principal of the loan.

There are a couple of advantages to growing equity mortgages:

  • The low up-front payments may make it easier for first-time home buyers to qualify for and afford a loan
  • A GEM is usually paid off faster than a traditional fixed rate mortgage

The major disadvantage of a growing equity mortgage is that the payment continues to go up, regardless of the borrower's income or financial position. This can lead to potential problems for the borrower meeting future mortgage payments.

Growing Equity Mortgage Interest Rate

The interest rate on growing equity mortgages is fixed.

Growing Equity Mortgage Term

Growing Equity Mortgages are available in 15 and 30 year terms.

Get a Fast, Free, No Obligation Mortgage Rate Quote

Purchase Price
Loan Amount
Get Rates  

256-bit secure data connection. We value your security. Read our privacy policy.



Over $1.5 Billion Funded

BBB Rating A Secured



Mortgage Rates by State

Please select your state to view our lowest available Current Mortgage Rates.


Ask a Question

Leave this field empty

Join CraterTeam.com

Are you a Real Estate professional or Lender? Get yourself listed on CraterTeam.com for FREE.

Join Now

We Care

We Support Charities A portion of all proceeds earned by CraterTeam.com will be donated to charitable organizations.

View List of Charities Supported

Private and SecureBBBBBB A+ RatingEqual Housing OpportunityCMPSFHA