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Graduated Payment Mortgage (GPM): Starts Small and goes up over time, non constant payments
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Share Appreciation Mortgage (SAM): Gives lender a % of property appreciation in exchange for mortgage interest rate reduction
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Price Level Adjusted Mortgage (PLAM):
Lenders concerned with inflation want to adjust payments to reflect inflation
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What is the Tilt Problem?
Interest and Principal are proportionally divided from payments over the course of the mortgage.
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