Definition of "Rollover loan"

Craig  Shatilla, Broker real estate agent
Craig Shatilla, Broker, Real Estate Agent RE/MAX Advantage

  1. A delay in making a principal payment on a mortgage that a bank allows a debtor for current financial difficulties.
  2. The extension of a loan at maturity at the 'going' market interest rate.
  3. A mortgage loan in which the amortization of principal is long-term based but the interest rate is short-term.
 

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