interest only mortgage

A balloon-payment mortgage on which the borrower must at first make only interest payments, but must make a lump-sum payment of the full principal at maturity.

— Also termed standing mortgage; straight-term mortgage. — Abbr. IO mortgage.

---

词条贡献者

译者Stephen，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与国际环境保护法规相关的法律文件。