repayment mortgage
repayment mortgage · repayment mortgages
A type of mortgage in which, over the term of the loan, the borrower gradually repays…A type of mortgage (typically a loan to buy a house) in which, over the term of the loan, the borrower gradually repays the loan principal, in addition to paying interest, so that at the end of the term the principal is wholly repaid.
Meaning
1 sensesA type of mortgage (typically a loan to buy a house) in which, over the term of the loan, the borrower gradually repays the loan principal, in addition to paying interest, so that at the end of the term the principal is wholly repaid.
Forms
plural: repayment mortgages| Singular | repayment mortgage |
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| Plural | repayment mortgages |
regular