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interest-only loan |
Also found in: Wikipedia | 0.03 sec. |
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Interest-only loan A loan in which payment of principal is deferred and interest payments are the only current obligation. interest-only loan A loan on which one pays periodic interest payments without any reduction in principal,and the entire principal balance is due and payable upon maturity of the note. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Interest only loans are still very popular, but today banks are demanding that you qualify at the fully indexed amortizing payment, making it harder to get the interest only loan An interest only loan lowers the payment to $3,437. In order to help Holland Holdings, LLC increase its cash flow, GE Capital Solutions, Franchise Finance funded a $2 million interest only loan on a 1031 exchange property. |
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