Roll Over Mortgage: Mortgage for which the unpaid balance is refinanced every few years at then-current rates is a roll over mortgage. 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.

 

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Roll Over Mortgage: Mortgage for which the unpaid balance is refinanced every few years at then-current rates is a roll over mortgage. This is good for the borrower and bad for the lender if interest rates are . . . View Full Definition

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