Interest-only loan

photo src: financialmentor.com An interest-only loan is a loan in which, for a set term, the borrower pays only the interest on the princip...

Business loan

photo src: s-media-cache-ak0.pinimg.com A business loan is a loan specifically intended for business purposes. As with all loans, it involv...

Tracy Chou

photo src: upload.wikimedia.org Tracy Chou (born 1987) is a software engineer and advocate for diversity in her field. She has prior work e...

Balloon payment mortgage

photo src: i.ytimg.com A balloon payment mortgage is a mortgage which does not fully amortize over the term of the note, thus leaving a bal...

Refinancing

photo src: media.beam.usnews.com Refinancing may refer to the replacement of an existing debt obligation with another debt obligation under...

Savings account

photo src: buzzghana.com A savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as mon...

Peer-to-peer lending

photo src: www.propertyandbuild.com Peer-to-peer lending , also abbreviated as P2P lending , is the practice of lending money to individuals...

Interest rate

photo src: www.nreionline.com An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or b...