follow Dictionary.com

How do you spell Hannukah?

rollover mortgage

renegotiable-rate mortgage

[ree-ni-goh-shee-uh-buh l-reyt, -shuh-buh l-] /ˌri nɪˈgoʊ ʃi ə bəlˌreɪt, -ʃə bəl-/
noun
1.
a type of home mortgage for which monthly payments stay constant for a term, usually of three to five years, and the interest rate is renegotiated at the end of every such term until the loan is paid off.
Abbreviation: RRM.
Also called rollover mortgage.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source

Word of the Day

Word Value for rollover

11
14
Scrabble Words With Friends

Quotes with rollover-mortgage