GRADUATED PAYMENT MORTGAGES
分期付款抵押貸款

A graduated payment mortgage is a loan where the payment increases each year for a predetermined amount of time (such as 5 or 10 years), then becomes fixed for the remaining duration of the loan.

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When interest rates are high, borrowers can use a graduated payment mortgage to increase their chances of qualifying for the loan because the initial payment is less. The downside of opting for an smaller initial payment is that the interest owed increases and the payment shortfall from the initial years of the loan is then added on to the loan, potentially leading to a situation called "negative amortization." Negative amortization occurs when the loan payment for any period is less than the interest charged over that period, resulting in an increase in the outstanding balance of the loan.

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分期付款抵押貸款是一種貸款，其中在預定的時間（例如 5 年或 10 年）內每年增加付款，然後在貸款的剩餘期限內固定。

當利率很高時，借款人可以使用分級支付抵押來增加他們獲得貸款資格的機會，因為首付款較少。選擇較小的初始付款的缺點是所欠的利息會增加，然後將貸款最初幾年的付款差額添加到貸款中，可能導致稱為“負攤銷”的情況。當任何期間的貸款支付少於該期間收取的利息時，就會發生負攤銷，導致貸款未償還餘額增加。

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