growing-equity mortgage

grow·ing-eq·ui·ty mort·gage

G g

Definition of growing-equity mortgage words

noun growing-equity mortgage a type of mortgage under which the interest rate is fixed but monthly payments increase annually to include more of the principal, so that the mortgage can be paid off in about half the conventional term. 1

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exclamation

This term is known only to a narrow circle of people with rare knowledge. Only 7% of English native speakers know the meaning of this word.

According to our data most of word are more popular. This word is almost not used. It has a much more popular synonym.

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