Dictionary.com
Thesaurus.com

growing-equity mortgage

American  
[groh-ing-ek-wi-tee] / ˈgroʊ ɪŋˈɛk wɪ ti /

noun

  1. a type of mortgage under which the interest rate is fixed but monthly payments increase annually to include more of the principal, so that the mortgage can be paid off in about half the conventional term.

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.

Vocabulary.com logo
by dictionary.com

Look it up. Learn it forever.

Remember "growing-equity mortgage" for good with VocabTrainer. Expand your vocabulary effortlessly with personalized learning tools that adapt to your goals.

Take me to Vocabulary.com