repayment mortgage
noun[C]
BANKING,PROPERTYukusin the UK, amortgageon which youpayback both thecapital(=amountborrowed)and theinterest:
a 20-year/25-year, etc. repayment mortgageOn a £100,000 25-yearrepaymentmortgage, you'llpay£561permonth.
take out a repayment mortgageIrecommendthat shetakesout arepaymentmortgage.
Compare
endowment mortgage