Interest-Only

Business / Real Estate / Interest-Only: A term loan calling for payments of interest only, not to include any amount for principal.

Interest-Only Mortgage

Business / Taxes / Interest-Only Mortgage: With an interest-only mortgage loan, you pay only the interest portion of each scheduled payment for a fixed term, often five to seven years. After that, your payments increase, often substantially, t MORE

Interest-Only Strip (IO)

Business / Finance / Interest-Only Strip (IO): A security based solely on the interest payments from a pool of mortgages, Treasury bonds, or other bonds. Once the principal on the mortgages or bonds has been repaid, interest payments stop, and the MORE

Interest-Only Loan

Business / Finance / Interest-Only Loan: A loan in which payment of principal is deferred and interest payments are the only current obligation. MORE

Term Loan

Business / Finance / Term Loan: A contract that provides a death benefit but no cash build up or investment component. The premium remains constant only for a specified term of years, and the policy is usually renewable at the end o MORE

Home Equity Line Of Credit (HELOC)

Business / Taxes / Home Equity Line Of Credit (HELOC): Sometimes referred to as a HELOC, a home equity line of credit lets you borrow against the equity you’ve built in your home, usually by using a debit card or writing checks against your available ba MORE

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