Repayment mortgage

Noun

Word Frequency: 0.0

Definitions

1.NounA 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.

Synonyms

reverse mortgage endowment mortgage repayment revolving loan mortgage term loan amortization repo mortage installment loan welsh mortgage shared appreciation mortgage

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