Graduated payment mortgage loan means a mortgage loan in which principal and interest payments, if any, and the making of additional advances, if any, are scheduled to reflect the prospective increasing or decreasing income of the mortgagor.
Graduated payment mortgage loan means a mortgage loan,
Examples of Graduated payment mortgage loan in a sentence
The loan is one submitted by a lender of the class specified in 38 U.S.C. 3702(d) or 3703(a)(2).(Authority: 38 U.S.C. 3703(c)(1)) Graduated payment mortgage loan.