Interest-only Mortgage
Learn about the definition for this legal term.
What is Interest-only Mortgage?
Payments on the mortgage loan consist of interest-only for an agreed time, followed by payment of the total principle balance due or in some cases by refinancing under other mortgage terms.
Related Security Transactions And Mortgages Terms
Pass the Bar, Guaranteed
BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).