| Term | Definition |
|---|---|
| Add-on interest |
Interest added to the amount of the loan on the front end, or beginning of the loan repayment period. The balance is then paid by installments. This form of interest is much more expensive than simple interest paid on the entire amount for the entire term of the loan. |

First Home in Rio Rancho
"Purchasing our first home was a daunting proposition to say the least. The team at the Maez Group made it all work, going beyond all expectations."
~ K. Altherr Rio Rancho, New Mexico
