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.
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by Mike Rawson · Published January 22, 2018
by Mike Rawson · Published January 15, 2018 · Last modified March 4, 2021
by Mike Rawson · Published December 5, 2022 · Last modified December 6, 2022
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Never try to walk across a river just because it has an average depth of four feet.