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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Not attached to any parcel of land but merely a personal right to use the land of another. ...
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A step's edge. ...
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See accommodation endorser, maker, or party. ...
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