a form of financing where -- typically -- in the first three, five or ten years of the loan term the monthly payment is not more than the interest required to carry the loan

a home loan program where you have an option to make interest-only payments for a defined period of the note

a loan A loan is a type of debt

a loan in which the borrower makes no principal repayments, and all payments are for the amount of the interest only

a loan where interest payments are made over the life of the loan, and the entire principal balance is paid in one lump sum (along with the last interest payment) at the end of the loan term

a type of loan in which you pay back only the interest that is charged

Loan payments have two components, principal and interest. An interest-only loan has no principal component for a specified period of time. These special loans minimize your monthly payments by eliminating the need to pay down your balance during the interest-only period, giving you greater cash flow control and/or increased purchasing power.

A straight non-amortizing loan, in which only interest is paid. Interest can be paid periodically or at maturity, when principal is paid in a lump sum.

A loan where only the interest is paid for an agreed term (usually a short period of one to five years) or during a construction period. The principle is then repaid over the remaining term of the loan by the conversion of repayments to Principle and Interest.

A loan where the borrower pays only interest and not principal during the course of the loan. Some loans have an interest-only period, then require payment of interest and principal. The total amount borrowed is payable as a balloon payment at maturity. Sometimes referred to as a bullet loan.

Under an interest-only loan, usually the borrower makes no principal repayments for the interest only period of the loan. The repayments are calculated to cover the amount of interest and any monthly account keeping fee.

A non- amortized loan in which interest is due at regular intervals until maturity , when the full principal on the loan is due.

An interest-only loan requires you to pay only the interest, not the principle for a specific period of time.

loan in which the monthly payment covers only the interest; the principal balance does not decline with each payment.

A loan for which the borrower pays only the accrued interest. As a result, the principal balance never changes.

Through this program, the borrower pays only the interest on the loan. The payments are considerably lower, but equity is not built.

A debt for which the periodic payments are enough to pay only the interest which accumulates on the principal over the payment period. Principal is due at maturity.

The borrower pays interest only on the loan, instead of interest plus principal. The principal is repaid in a lump sum at the end of the term.

A non-amortized loan in which interest is due at regular intervals until maturity, when the principal amount is due in whole. Equity will not accrue beyond the down payment made on the mortgage.

The pays only the interest that accrues on the loan balance each month. Because each payment goes toward interest, the outstanding balance of the loan does not decline with each payment.

An advance of money in which the installments pay only the interest that accumulates on the loan balance. The loan balance does not decrease with the payments. Usually the interest-only payments last for a limited period, after which payments rise and the borrower begins paying principal in addition to interest.

This type of mortgage works best for people with fluctuating income from commissions or bonuses, or for those who expect to earn more money over the next few years. Borrowers pay only the interest on these loans for a fixed period of time, usually five or seven years.

An advance of money in which the installments pay only the interest for the initial period of the loan. No principal is paid off during the interest-only period of the loan.

Loan, where only the interest is paid each month. Therefore, the outstanding amount of principal is not reduced.

An interest-only loan is a loan in which for a set term the borrower pays only the interest on the principal balance, with the principal balance unchanged. At the end of the interest-only term the borrower may enter an interest-only mortgage, pay the principal, or (with some lenders) convert the loan to a principal and interest payment (or amortized) loan at his/her option.