A mortgage that requires a borrower to make larger monthly payments over the term of the loan. The payment is unusually low for the first few years but gradually rises until year three or five, then …
Grace Period
A specified amount of time in which a borrower may make a loan payment after its due date without penalty. …
Grade
The elevation of land above level ground. …
Grade Level
The flat or sloping surface upon which a house is built. …
Graduate Realtor® Institute (GRI)
A designation issued by the National Association of Realtors (NAR) to members who meet specific performance and education requirements for residential real estate sales. …
Graduated-payment Mortgage
A mortgage that requires a borrower to make larger monthly payments over the term of the loan. The payment is unusually low for the first few years but gradually rises until year three or five, then …