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GLOSSARY

 GLOSSARY TERMS by Alpha
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General Recourse
Ginnie Mae
Good faith estimate
Graduated-payment mortgage (GPM)
Gray market
Growing-equity mortgage (GEM)
Guarantee mortgage, or Insured mortgage
Guaranteed Loan

Graduated-payment mortgage (GPM)

A flexible-payment mortgage with monthly principal and interest payments that increase by a certain percentage each year for a certain number of years, and then level off for the remainder of the term

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