Last reviewed 08-20-2026Short-Sale.com Editorialglossary
GRADUATED PAYMENT MORTGAGE
California Department of Real Estate
Updated 08-20-2026
GRADUATED PAYMENT MORTGAGE
Providing for partially deferred payments of principal at start of loan. (There are a variety of plans.) Usually after the first five years of the loan term the principal and interest payment are substantially higher, to make up principal portion of payments lost at the beginning of the loan. (See Variable Interest Rate.)
California Department of Real Estate Glossary
California Department of Real Estate · p. 16
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