mortgage

What is a growing-equity mortgage?

 

 

What is a growing-equity mortgage?

The Bankrate.com financial term of the day is: "Growing-Equity Mortgage"

Think you've found your dream home but don't want to be stuck paying a mortgage for 30 years? A growing-equity mortgage is a fixed-rate home loan that gradually increases the size of your monthly payment so that you pay off your mortgage more quickly and save on interest.

A growing-equity mortgage boosts the size of your mortgage payment over time, allowing you to gain equity over a shorter time frame.

To compare home loans, visit the Mortgages section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
MORTGAGE & REAL ESTATE NEWSLETTER

Timely market news and advice for consumers ready to buy, sell or invest in real estate. Delivered weekly.

Blog

Poonkulali Thangavelu

Get the best bang for your mortgage buck

If you are looking for a mortgage, make sure to avoid these common mistakes.  ... Read more

advertisement
Partner Center
advertisement

Connect with us