Metaglossary.com - Definitions for "{term}"

Keywords: accrues, accumulates, percentage, rate, mortgage

The percentage rate at which interest accumulates or increases on a mortgage loan.

The percentage rate at which interest accrues on the mortgage. In most cases, it is also the rate used to calculate the monthly payments.

The rate, stated as a percentage, at which interest accumulates on a mortgage. /INTEREST PAYMENT

Keywords: interim, mortgages

Interest only mortgages Interim interest

Keywords: accrual, onto, added, principal, rate

The rate at which interest is added onto the principal of a loan (accrual).