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Interest-only loan |
Also found in: Wikipedia | 0.01 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. |
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? Mentioned in | ? References in periodicals archive | |
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In addition, Carlton assisted the joint venture in arranging a seven-year, fixed-rate, interest only mortgage on favorable terms. The ten-year interest only mortgage has an effective interest rate of 5. In addition, Carlton also arranged a seven-year, fixed-rate, interest only mortgage on excellent terms for the borrower. |
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Interest only mortgage
