Interest Only Loan Calculator
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Interest-only loan - An interest-only loan is a loan in which for a set term the borrower pays only the interest on the Principal balance, with the principal balance unchanged. At the end of the interest only term the borrower may enter a interest-only mortgage, pay ...
Mortgage Calculator - Mortgage calculators are used to help a current or potential real estate owner determine how much they can afford to borrow to purchase a piece of real estate. Mortgage calculators can also be used to compare the costs or real interest rates between several different loans, determine the impact on the length of the mortgage loan of making added principal payments or bi-weekly instead of monthly payments.
Fixed interest - A fixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan. This allows the borrower to accurately predict their future payments.
Loan shark - A loan shark is a person or body that offers illegal unsecured loans at high interest rates to individuals, often backed by blackmail or threats of violence. They provide credit to those who cannot obtain it from more respectable sources, usually because interest rates commensurate with the perceived risk are illegal.
