What is a GTM loan?
This article explains what a Graduated Terms Mortgage loan (GTM) is.
Graduated Terms Mortgage (GTM) is a classification of a loan that has predetermined loan term modifications, such as rate and payment changes.
With a GTM loan, when monthly payment changes the borrower knows in advance what those changes will be according to the loan’s repayment schedule. In other words, there’s no surprise increases and or sticker shock.
The Graduated Terms Mortgage Module in The Mortgage Office® is designed to service step loans, GPM loans, GTM loans, GPARM loans, deferred principal pay downs, and more! Click here to read more about the GTM Module in The Mortgage Office®.
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