Interest only mortgage
Definition
A mortgage on which for some period the monthly mortgage payment consists of interest only. During that period, the loan balance remains unchanged. See Interest Only Mortgages.
Related Terms Other terms related to 'Interest only mortgage' starting with the letter 'I' Interest due, Initial interest rate, Interest rate increase cap, Internet mortgages, Interest cost Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 