End Loan
Definition of 'End Loan'A permanent, long-term loan used to pay off a short-term construction loan or other form of interim financing. Although an end loan can have interest-only or other features that delay the repayment of principal, at some point, an end loan begins to amortize. This differs from construction loans or other forms of interim financing, which are typically interest-only loans that require full repayment of principal and accrued interest only upon disbursement of funds from the end loan. |
|
Investopedia explains 'End Loan'An end loan might be part of a combination or construction/end loan, which allows a borrower to deal with only one lender, file only one credit application and generally pay only one set of loan settlement costs. However, there are also disadvantages to dealing with only one lender in a combination or construction/end loan, such as being unable to shop around for the best deal after the interim construction financing. A borrower should carefully weigh the benefits of a combination/end loan against the risks. |
Related Definitions
Articles Of Interest
-
Understanding Your Mortgage
We walk through the steps needed to secure the best loan to finance the purchase of your home. -
How Interest Rates Affect The Housing Market
Learn how rate changes can affect home prices and how you can keep up. -
4 Steps To Attaining A Mortgage
It starts with knowing your choices as well as your price range. We show you how to get there. -
Investing In REITs Instead Of Property
Learn why this one particular REIT is a better investment than holding physical property in your retirement portfolio. -
There Are New REITs On The Horizon
For investors, the surge in new REIT activity is providing some pretty interesting dividend opportunities. -
The Riskiest Investment Moves for Retirement That Could Pay Off
Before incurring additional risks in your retirement portfolio, be sure to understand the alternatives and the consequences of your strategy. -
Profit From Mortgage Debt With MBS
Mortgage-backed securities can offer monthly income, a fixed interest rate and even government backing. -
How do you flip a home?
Flipping (also called wholesale real estate investing) is a type of real estate investment strategy in which an investor purchases a property with the intention of selling it quickly and for ... -
Add Some Real Estate To Your Portfolio
From REITs to owning your own home, find out how diversify your portfolio with real estate assets. -
A Guide To Real Estate Derivatives
These instruments provide exposure to the real estate market without having to buy and sell property.
Free Annual Reports