Interest-only mortgage
Mortgage where the repayments are solely the interest due and where the capital borrowed is paid off in full at the end (maturity) of the mortgage.
« Back to Glossary Indexby Mike Rawson ·
Mortgage where the repayments are solely the interest due and where the capital borrowed is paid off in full at the end (maturity) of the mortgage.
« Back to Glossary Index
by Mike Rawson · Published October 11, 2019 · Last modified June 17, 2020
by Mike Rawson · Published June 7, 2022
by Mike Rawson · Published August 14, 2019 · Last modified June 17, 2020
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Lack of money is the root of all evil.