Definition of "Zero rate loan"

Alia Elnahas & Melanie Moumen real estate agent
Alia Elnahas & Melanie Moumen, Real Estate Agent Weichert, Realtors - Burke Fairfax Station

Loan with a significant down payment with the balance being paid in equal periodic payments over a short time period. There is no interest charge. An example is when a seller of real estate is anxious to sell property and in so doing offers a zero percent financing rate.

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