A ____ mortgage allows the borrower to initially make small payments on the mortgage. The payments then increase over the first 5 to 10 years and then level off.

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A graduated-payment mortgage is designed to start with lower payments that gradually increase over time, typically over the first 5 to 10 years, before leveling off. This structure allows borrowers to adjust to the payments as their income is expected to rise over time.

A ____ Mortgage Allows the Borrower to Initially Make Small