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• a mortgage where the homeowner pays only the interest and none of the outstanding principal balance on a loan for a specified amount of time.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
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  Cite Definition for Interest-only mortgage

  American Psychological Association (APA)

  Interest-only mortgage. (n.d.). Making Home Affordable Glossary. Retrieved December 3, 2022, from website: http://www.expertglossary.com/definition/interest-only-mortgage.

  Chicago Manual of Style (CMS)

  Interest-only mortgage. www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/interest-only-mortgage (accessed: December 3, 2022).

  Modern Language Association (MLA)

  "Interest-only mortgage." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 3 December. 2022 http://www.expertglossary.com/definition/interest-only-mortgage.

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