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interest-only loan |
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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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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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