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Interest-only loan

   Also found in: Wikipedia 0.04 sec.
Interest-only loan
A loan in which payment of principal is deferred and interest payments are the only current obligation.
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If you're planning on retiring in that house or paying it off, then an interest-only loan isn't for you," says Dunagan.
Is an interest-only loan right for you? This special mortgage product ... by Kimble-Ellis, Sonya / Black Enterprise
Spinner and David Zlotnick of Meridian's New York office secured a 12-month, interest-only loan floating at Prime + 6%.
Meridian Capital Group by Real Estate Weekly
But the interest-only loan, which stretches 35 years, fit her family's situation.
FIRST-TIME-BUYER PROGRAM NETS FAMILY'S FIRST HOME by Daily News (Los Angeles, CA)
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