Growing Equity Mortgage

---

A growing equity mortgage is a type of graduated payment mortgage. Unlike an adjustable rate mortgage, a graduated payment mortgage has a fixed payment schedule, so the additional principal payments reduce the duration of the mortgage.

The additional payments avoid the negative amortization, and the payments decrease while the term of the loan remains constant. The monthly payments for the growing equity mortgage increase annually. It is the increased amount that is used to reduce the principal balance and shorten the term of the loan.

This is a great choice for a borrower who is looking to build equity.

Call and speak with us today and one of our Loan Professionals can guide you toward the best loan option for your needs.