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GEM, also known as growing equity loan is an alternative type of fixed rate mortgage. The amount paid each month increases over time through an agreed payment plan.<\/b><\/p>\n
This means that more money is paid towards the principal mortgage balance; as a result, the borrower reduces the term of the loan and pays less interest on the loan. These loans also help build equity faster than traditional mortgages.<\/b><\/p>\n
GEM finance is a program designed to help homeowners build equity in their homes faster. <\/b><\/p>
With the growing equity loan program, buyers start making regular loan repayments, and after a certain period, the monthly mortgage payment increases. <\/b><\/p>
With GEM finance, you can build equity in your home faster than usual and the loan can be repaid much more quickly. <\/b><\/p>
Most of the equity growth mortgages are typically paid off in just 15 years instead of the regular 30 years.<\/b><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t