A type of Mortgage where the Borrower is only required to pay the Interest to the Lender for a defined period of time, and then the Capital is paid in a lump sum at the end of the loan term (sometimes referred to as a Bullet Repayment).
A type of Mortgage where the Borrower is only required to pay the Interest to the Lender for a defined period of time, and then the Capital is paid in a lump sum at the end of the loan term (sometimes referred to as a Bullet Repayment).