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
The appearance definition isn’t as one might expect. The term itself is used in different ways, but they all are connected with perception or how something or someone is seen or ...
Time period that a round of regular recurring construction takes place. There may be boom and bust times in construction activity. ...
Roof design having two different pitches. See also gambrel roof. ...
Insurance affording protection against losses due to damage to or destruction of property or contents therein. Insurance protects assets and any future income thereon from loss, such as a ...
Cash flow before subtracting income taxes. ...
Amount awarded by a government when a person's property is condemned and he must move. ...
Levy charged to use something such as water supplied by the town. ...
Purchase of part of property or property rights when condemnation takes place. The owner must be justly reimbursed. ...
Business organized as a distinct legal entity with ownership evidenced by shares of stock. To form a corporation, "articles of incorporation" must be filed with the state. When approved, ...
Have a question or comment?
We're here to help.