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interest-only loan
(redirected from Interest only loan)

    Also found in: Wikipedia 0.01 sec.
Interest-only loan
A loan in which payment of principal is deferred and interest payments are the only current obligation.
Interest-Only Loan
A non-amortized loan. During the payment period of interest-only loans, one only pays on the interest that accumulates but not on the principal. At the end of the loan's term, the entire principal is due. An example is an interest-only mortgage, in which one makes interest payments for the term of the mortgage and then refinances in order to pay the principal at maturity.
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.
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She was sold on a variable rate interest only loan that gave her an extremely low payment but she was never told how the loan actually worked.
The Dangers of Interest Only Mortgages by Kevin Maher / Finance and Investment community
By paying down the principal on an interest only loan it results in a reduction in the interest payment amount due each month.
Piquing Your Interest in Interest Only Loans for Investment Properties by Mark S. Lackey / Real estate industry community
9, 2003 NovaStar continues to improve the diversity of its product offerings by introducing an Interest Only Loan option to its wholesale customers.
NovaStar Adds Interest Only Loan to Diverse Product Mix by Business Wire
 
 
 
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