The initial payments on a graduated payment mortgage are ____ than on a fixed rate mortgage and then they ____ over a specified time period before leveling off.

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The initial payments on a graduated payment mortgage are lower than those on a fixed rate mortgage, making it easier for borrowers to qualify at the beginning. These payments then increase over a specified time period before leveling off, allowing borrowers to adjust to higher payments as their income is expected to rise over time.

The Initial Payments on a Graduated Payment Mortgage Are ____