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17:27 Jul 25, 2005
English to Spanish translations [Non-PRO] Science
English term or phrase:interest only loan
You can take out an interest only loan and pay interest only payments.
Explanation: Web definitions for interest only loan
a loan where the principal is paid back at the end of the term and only interest is paid during the term. The loans are usually for a short term of one to five years. www.apm.com.au/osbuyers/glossary.htm - Definition in context
ES CIERTO QUE HAY UN PRESTAMOS DE SOLO INTERES POR UN TIEMPO ... - [ Translate this page ]
Son Interest Only ARM. Por ejemplo, un prestamo que he estadoo vendiendo mucho
... Ahora, como es interest only por 5 anios, aunque la tasa se convierta en ...
foro.univision.com/univision/board/ message?board.id=7335976265&message.id=4796 - 64k - Cached - Similar pages
Sandy T United States Local time: 07:03 Native speaker of: Spanish, English PRO pts in pair: 699
***BALLOON PAYMENT LOAN (also called Interest Only Loan***) - a type of loan transaction in which the borrower makes usually smaller payments of interest only on the amount borrowed for some period of time, after which the full amount borrowed must be paid in full in one payment. If the borrower cannot make the payment, the property can be placed in foreclosure. This type of loan cannot be included in a chapter 13 bankruptcy.
***PRESTAMO CON PAGO FINAL SUPERIOR AL PROMEDIO (Balloon Payment Loan o Interest Only Loan***) - El prestatario sólo paga los intereses del préstamo y nada del principal (la cantidad que en realidad tomó prestada). Después de 3, 5, 7 o 10 años, se hace un pago sustancial de todo el principal que se vence en un solo pago. Si el prestatario no puede pagar, se hace una subasta de la propiedad. Usted no puede pagar este tipo de pagos si se declara en bancarrota conforme al capítulo 13.