Tag Archives: Definition

Definition of an Interest Only Mortgage

Definition of an Interest Only Mortgage The interest only mortgage is a relatively new term, and not many home buyers are aware of its existence. An interest only mortgage is the only type of mortgage loan that has regular monthly

What Is The Definition of Interest Rate?

What Is The Definition of Interest Rate? An Interest Rate is very well described as the price a borrower pays for the use of money he does not own, and has to return to the lender who receives for deferring