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Deferred interest mortgage |
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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 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 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. Periodic purchase deferred contractPeriodic purchase deferred contractA fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying out until a time elected by the annuitant. 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. Tax deferred incomeTax deferred incomeDividends, interest, and unrealized capital gains on investments in an account such as a qualified retirement plan, where income is not subject to taxation until a withdrawal is made. Further SuggestionsDeferred nominal life AnnuitySingle Premium Deferred Annuity (SPDA) Deferred interest bond deferred state pension deferred income Deferred equity Contingent deferred sales charge (CDSC) Deferred account Deferred payment annuity Tax deferred retirement plans Deferred call |
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