Definitions for "Interest Only Loan"
A method of loan amortization in which interest is paid periodically over the term of the loan and the entire original loan amount is paid at maturity.
Payments are made to repay the minimum cost which is the interest and not the principal.
THE INTEREST IS PAID ON A MORTAGE WITH NO REDUCTION TO THE PRINCIPAL DURING THE SET TERM.
an encouraging option for homebuyers to buy their dream home
Keywords:  great, way, money
a great way to make some money
Keywords:  straight, note, see
See Straight Note.
Keywords:  good, increasing, means, home, your
a good means of either increasing your home