Interest-only Mortgage definition
Interest-only Mortgage means a Mortgage (other than a Repayment Mortgage) pursuant to which the Borrower pays interest until the Mortgage is fully repaid on its maturity in accordance with the relevant Mortgage Conditions;
Interest-only Mortgage means a hypothecary loan in which your payments are made up of interest only, paid regularly during the Term. Each month you pay accrued interest only. The payments do not reduce the amount we loaned to you (the Loan).
Interest-only Mortgage means a mortgage on which, for a period of time specified
Examples of Interest-only Mortgage in a sentence
Under an Interest-only Mortgage Loan, the Borrower is not obliged to pay principal towards redemption of the relevant Mortgage Loan.
Interest-only Mortgage Loans may have been granted up to an amount equal to 50 per cent.
A portion of the Mortgage Loans will be in the form of Interest-only Mortgage Loans.
More Definitions of Interest-only Mortgage
Interest-only Mortgage means a mortgage where the borrower has the option of paying only the interest for a limited period of time.
Interest-only Mortgage means a Mortgage in which your payments are made up of interest only, paid regularly during the Term. Each month you pay accrued interest only. The payments do not reduce the amount we loaned to you (Principal Amount).
Interest-only Mortgage means a mortgage loan for which a consumer makesis required to make interest repayments to a regulated entity for a specified period and no capital repayments during that same period;
Interest-only Mortgage means a mortgage loan for which a consumer is required to make interest repayments to a regulated entity for a specified period and no capital repayments during that same period;
Interest-only Mortgage means a loan under which each monthly payment does not include a repayment of the capital element of the mortgage debt but only includes a payment towards interest. This is identified in the offer.
Interest-only Mortgage means a mortgage loan for which a consumer makes interest repayments to a regulated financial service provider for a specified period and no capital repayments during that same period;