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
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Any geographic taxing division where the legally chosen representatives are charged with the responsibility of assessing taxable property and collecting tax revenue. ...
Market price pf all the property prior to a condemnation proceeding. ...
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Wood panels on a wall. ...
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What does inchoate refer to generally? The term inchoate is a formal word that can describe many things in various fields of life. An inchoate act defines something at an early stage, ...
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