Interest Only Mortgage definition

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).
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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;
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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).
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Examples of Interest Only Mortgage in a sentence

  • 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.

  • Under an Interest-only Mortgage Loan, the Borrower is not obliged to pay principal towards redemption of the relevant Mortgage Loan.

  • The pool of Mortgage Loans (or any Loan Parts (leningdelen) comprising a Mortgage Loan) will consist of Linear Mortgage Loans (lineaire hypotheken), Annuity Mortgage Loans (annuïteiten hypotheken) and Interest-only Mortgage Loans (aflossingsvrije hypotheken) or combinations of these types of 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.
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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.
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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;
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Interest Only Mortgage means a mortgage on which, for a period of time specified
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Related to Interest Only Mortgage

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • the Macfarlane (Special Payments) Trust means the trust of that name, established on 29th January 1990 partly out of funds provided by the Secretary of State, for the benefit of certain persons suffering from haemophilia;