|
|
Deferred interest mortgage |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Deferred interest mortgageInterest is not paid during the deferral period. When the period is over, the accumulated interest is added to the original loan. Some lenders add this interest to the total of your loan to give a new loan figure and new interest payments. Others calculate your interest payments on the original loan as normal and then spread the repayment of the deferred interest over a set period of time. The latter method is better for you, as adding the deferred interest to the loan means you end up paying interest on the deferred interest!Deferred interest mortgage Similar MatchesDeferred compensationDeferred compensationAn amount that has been earned but is not actually paid until a later date, typically through a payment plan, pension, or stock option plan. Deferred incomeDeferred incomeAlso known as income drawdown and flexible pension. See 'personal pension plan'. Deferred chargeDeferred chargeAn expenditure treated as an asset that carries forward until it becomes pertinent to the business at hand, e.g., advance rent payment. Deferred accountDeferred accountA type of account that delays taxes on that account until some later date. Child deferred endowmentChild deferred endowmentAn endowment assurance, on the life of a child, which can be taken as cash at maturity or converted to a full endowment or whole life assurance. Further SuggestionsTax deferred incomeDeferred payment annuity Deferred nominal life Annuity Deferred interest bond deferred state pension Single Premium Deferred Annuity (SPDA) Deferred equity Periodic purchase deferred contract Contingent deferred sales charge (CDSC) Tax deferred retirement plans Deferred call |
|
|
|