Zero-Rate Mortgage Law and Legal Definition
Zero-rate mortgage is a kind of mortgage where a mortgagee pays higher down payment whereby s/he is exempted from paying the interest. The mortgagee pays the balance amount in equal installments.
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Zero-rate mortgage is a kind of mortgage where a mortgagee pays higher down payment whereby s/he is exempted from paying the interest. The mortgagee pays the balance amount in equal installments.