Deferred Interest Mortgages
Definition of "Deferred interest mortgages"
Financing technique aimed at those people who only plan to live in a house for a short time. Under this mortgage, a lower interest rate and, thus, a lower monthly mortgage payment are charged. Upon the selling of the house, the lender receives the deferred interest plus a fee for postponing the interest that would normally have been paid each month.
Popular Real Estate Terms
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Legal dictate that must exist for property to be owned as joint tenants. ...
transfer of real property by legal means such as through inheritance. ...
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List of architectural design items needing to be corrected and resolved prior to finalizing a building design. ...
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Financial standing of a debtor as a basis to pay obligations. ...
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