graduated payment mortgage

A mortgage whose initial payments are lower than its later payments.

• The payments are intended to gradually increase, as the borrower’s income increases over time.

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词条贡献者

双语律师Roger，毕业于一所培养最顶级翻译人才的语言学院，擅长翻译各类与商业秘密咨询与诉讼相关的法律文件。