\begin{tabular}{|ccc} Definition/Example & Adjustable- Growing- & Balloon- \\ Rateduated- \end{tabular} The type of mortgage that is given out when there is already a mortoage on a home and that typically has a higher interest rate than the initial mortgage. The type of mortgage that modifies the borrower's interest rate over the life of the mortgage. The type of mortgage first-time home owners might want if they just got their first job out of college and want to make small payments early on and larger payments that level off over the life of the mortgage. The type of mortgage that has an interest rate below the market rate and where the lender cecelves a portion of any increase in the home value over the life of the loan