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