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Interest

The fee charged for borrowing money.

 

Interest Only Loan

A loan where only the interest is repaid throughout the course of the loan. The original amount is repaid at the end of the term of the loan, rolled over by the same bank or the owner re-mortgages.

 

Interest Rate

The rate of interest in effect for the monthly payment due.

Investment Property

A property that is not occupied by the owner, but provides a return to the owner through renting to a tenant.

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