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CALIFORNIA REAL ESTATE FINANCE Chapters 50 to 109 Exa

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GRADUATED PAYMENT MORTGAGE (GPM) - ANSWER-monthly payment for principal interest gradually increases by certain percentage each year for certain number of years and then it levels off of the remaining term of the mortgage. GPM loan buyer may have initial payments less than the interest only portion of the loan at that point, interest owed and not paid an initial months is added back to the principal cause and what is referred to as a negative amortization

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CALIFORNIA REAL ESTATE FINANCE Chapters 50 To 109

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CALIFORNIA REAL ESTATE FINANCE Chapters 50 to 109

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Institution: CALIFORNIA REAL ESTATE FINANCE Chapters 50 to 109
Course: CALIFORNIA REAL ESTATE FINANCE Chapters 50 to 109

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Uploaded on: March 4, 2024
Number of pages: 30
Written in: 2023/2024
Type: Exam (elaborations)
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california real estate finance chapters 50 to 109
california real estate finance stuvia
graduated payment mortgage gpm answer monthly

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CALIFORNIA REAL ESTATE FINANCE Chapters 50 to 109 Exa

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