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aflossingsvrij

English translation: interest-only (home) loan

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:aflossingsvrije hypotheek
English translation:interest-only (home) loan
Entered by: jarry (X)

22:08 Jan 21, 2006
Dutch to English translations [PRO]
Bus/Financial - Finance (general) / mortgage type
Dutch term or phrase: aflossingsvrij
Context :
"Indien NHG = J dan moet het totale bedrag van alle leningdelen met hypotheeksoort Aflossingsvrij minder of gelijk zijn aan 50% van de Vrije Verkoopwaarde. N.B. Bij hypotheekvorm = tweede hypotheek of VBI moeten oude (bestaande) leningdelen meegenomen worden. D.w.z. dat (eventueel) bestaande aflossingsvrije leningdelen moet opgeteld worden met (eventueel) nieuwe aflossingsvrije leningdelen, en dat moet vergeleken worden met 50% van de (nieuwe) Vrije Verkoopwaarde."

Kan iemand mij zeggen hoe je Aflossingsvrij in het Engels zegt? wat betekent dit? Wil dit zeggen "lening die je in één keer aan het einde van de looptijd terugbetaalt"? En zo ja, hoe vertaal je dat naar het Engels?
123xyz (X)
Local time: 03:56
interest-only (mortgage) loan
Explanation:
...

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Note added at 8 hrs (2006-01-22 06:51:56 GMT)
--------------------------------------------------

http://www.quickenloans.com/mortgage/articles/interest-only-... (one of 740,000 hits on Google)
What exactly is an Interest Only Home Loan?
An interest-only loan is one that gives you the option of paying just the interest or the interest and as much principal as you want in any given month during an initial period of time. Interest only loans can be 30-year fixed-rate mortgages or adjustable-rate mortgages. Quicken Loans offers home loans that are interest-only for the first three, five, seven or ten years.

If you choose to make the interest-only payment, your monthly payment will be lower than it would be with an interest and principal payment. Your interest rate may or may not be lower than a traditional mortgage, but you will have the option of flexible payments. Interest-only loans allow you to control your payment amount and your cash flow in any given month during the interest only period.


--------------------------------------------------
Note added at 12 hrs (2006-01-22 10:44:54 GMT)
--------------------------------------------------

http://en.wikipedia.org/wiki/Interest-only_loan
Interest-only loan
From Wikipedia, the free encyclopedia.
An interest-only loan is a loan in which for a set term the borrower pays only the interest on the capital; the capital remains owing. At the end of the term the borrower may renew the interest-only mortgage, repay the capital, or (with some lenders) convert the loan to a principal and interest payment loan at his option. It should be noted that some interest-only mortgages in Canada allow the borrower to pay interest-only, principal and interest, or even principal and interest plus 20% extra.

Selected response from:

jarry (X)
South Africa
Local time: 03:56
Grading comment
Thank you, based upon your explanation (and peer comments) I assume this is the correct answer.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +5interest-only (mortgage) loan
jarry (X)
5 +1endowment mortgage
Kate Hudson (X)
4non-repayment (mortgage)
Jack den Haan
4free from redemption
D.K. Tannwitz


  

Answers


19 mins   confidence: Answerer confidence 5/5 peer agreement (net): +1
endowment mortgage


Explanation:
http://www.mortgages.ie/mortgage_products.cfmhttp://www.mort...
Endowment mortgage
The product is an interest only mortgage that is supported by an investment or endowment policy. The borrower pays only interest during the term of the mortgage and the loan amount remains outstanding until the end of the term. Premium payments are payable on the investment / endowment policy during the term. The endowment policy is similar to a life assurance investment / savings policy that is designed to provide an amount to repay the mortgage at the end of the term.

Kate Hudson (X)
Netherlands
Local time: 03:56
Native speaker of: English
PRO pts in category: 52

Peer comments on this answer (and responses from the answerer)
agree  CI95
25 mins
neutral  Dave Calderhead: the 'aflossingsvrij' is the interest-only loan element of this type of mortgage
11 hrs
Login to enter a peer comment (or grade)

21 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
non-repayment (mortgage)


Explanation:
bron: Onroerend Goed Lexicon [Van den End]

Ik denk dat dit inderdaad een lening betekent die je in één keer aan het einde van de looptijd terugbetaalt, maar ik durf daar geen eed op af te leggen!

Jack den Haan
Netherlands
Local time: 03:56
Native speaker of: Native in DutchDutch, Native in EnglishEnglish
PRO pts in category: 70

Peer comments on this answer (and responses from the answerer)
neutral  jarry (X): I don't think that Aart van den End has made a good choice here for his otherwise excellent lexicon.
12 hrs
  -> You could well be right, Jarry. I'm certainly not an expert...
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32 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
free from redemption


Explanation:
source: ROMAIN - dictionary of legal and commercial terms

D.K. Tannwitz
Germany
Local time: 03:56
Specializes in field
Native speaker of: German
PRO pts in category: 16

Peer comments on this answer (and responses from the answerer)
neutral  jarry (X): Not a standard English term
12 hrs
Login to enter a peer comment (or grade)

8 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +5
interest-only (mortgage) loan


Explanation:
...

--------------------------------------------------
Note added at 8 hrs (2006-01-22 06:51:56 GMT)
--------------------------------------------------

http://www.quickenloans.com/mortgage/articles/interest-only-... (one of 740,000 hits on Google)
What exactly is an Interest Only Home Loan?
An interest-only loan is one that gives you the option of paying just the interest or the interest and as much principal as you want in any given month during an initial period of time. Interest only loans can be 30-year fixed-rate mortgages or adjustable-rate mortgages. Quicken Loans offers home loans that are interest-only for the first three, five, seven or ten years.

If you choose to make the interest-only payment, your monthly payment will be lower than it would be with an interest and principal payment. Your interest rate may or may not be lower than a traditional mortgage, but you will have the option of flexible payments. Interest-only loans allow you to control your payment amount and your cash flow in any given month during the interest only period.


--------------------------------------------------
Note added at 12 hrs (2006-01-22 10:44:54 GMT)
--------------------------------------------------

http://en.wikipedia.org/wiki/Interest-only_loan
Interest-only loan
From Wikipedia, the free encyclopedia.
An interest-only loan is a loan in which for a set term the borrower pays only the interest on the capital; the capital remains owing. At the end of the term the borrower may renew the interest-only mortgage, repay the capital, or (with some lenders) convert the loan to a principal and interest payment loan at his option. It should be noted that some interest-only mortgages in Canada allow the borrower to pay interest-only, principal and interest, or even principal and interest plus 20% extra.



jarry (X)
South Africa
Local time: 03:56
Specializes in field
Native speaker of: English
PRO pts in category: 353
Grading comment
Thank you, based upon your explanation (and peer comments) I assume this is the correct answer.

Peer comments on this answer (and responses from the answerer)
agree  Dave Calderhead
3 hrs
  -> Thank you.
agree  CI95: I think both endowment and interest-free would work but endowment does capture additonal aspects so interest-free is probably better. See also my note under 'leningdeel' (capital/principal) added at 7 hrs on 21-01.
5 hrs
  -> Thank you
agree  shineda
8 hrs
  -> Thank you
agree  Dennis Seine
11 hrs
  -> Thank you
agree  AllisonK (X): (post-grading) kind of scary that this question has to be asked...and it's summer there! :)
1 day 12 hrs
  -> Thanks, gave me cold shivers too :-)
Login to enter a peer comment (or grade)



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