Rollover Loan
Definition of "Rollover loan"
- A delay in making a principal payment on a mortgage that a bank allows a debtor for current financial difficulties.
- The extension of a loan at maturity at the 'going' market interest rate.
- A mortgage loan in which the amortization of principal is long-term based but the interest rate is short-term.
Popular Real Estate Terms
The American Real Estate and Urban Economics Association (AREUEA) is a non-profit association founded in 1964, during the Allied Social Science Association located in Chicago. Important to ...
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