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Glossary of Terms > I > INTEREST-ONLY MORTGAGE

INTEREST-ONLY MORTGAGE

A loan in which the borrower pays only the interest for a pre-determined amount of time, deferring all payments on the principal loan amount. Despite the lack of equity, this option has become increasingly popular in recent years, as these loans offer buyers low initial payments.

I Terms

IMPACT FEE

INFLATION

INTEREST RATES

INTEREST-ONLY MORTGAGE

INVESTMENT LOAN