repayment mortgage
noun [ C ]
BANKING, PROPERTY ukusin the UK, a mortgage on which you pay back both the capital (= amount borrowed) and the interest:
a 20-year/25-year, etc. repayment mortgage On a £100,000 25-year repayment mortgage, you'll pay £561 per month.
take out a repayment mortgage I recommend that she takes out a repayment mortgage.
Compare
endowment mortgage