FT MarketWatch

Rollover mortgage

Mortgage for which the unpaid Balance is refinanced every few years at then-current rates. This is good for the borrower and bad for the Lender if Interest rates are falling, and bad for the borrower and good for the Lender if Interest rates are rising.

Related Terms: 12 Balance, Borrow, Finance, FIN, ISIN, Interest, Interest rate, Lend, Lender, Owe, Paid, Rent
Other Related Pages: Category: Real_Estate Starting With: R
Semi Related Terms: 423 CLICK HERE TO VIEW
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