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Graduated Mortgages Aid Young Buyers In Four Part Series
An overview of the graduated payment mortgage GPM designed for buyers with rising incomes. It lowers early payments by borrowing against future principal. The article explains types GPAM SAM and FHA backed origins costs and a 67 000 loan example showing long term costs versus a conventional loan.
MENTIONED IN THIS ARTICLE
U.S. League of Savings Association
Department of Housing and Urban Development
Federal Housing Administration
Federal Home Loan Bank Board
Savings and Loan Associations
Tom Bacon
FHA
Bacon