An adjustable rate involving a renewable short-term balloon loan, in which the interest rate is fixed during the term of the note, but when the balloon comes due, the lender may refinance it at a higher rate.
Related information about renegotiable rate:
- What is renegotiable rate? definition and meaning
Definition of renegotiable rate: An adjustable rate involving a renewable short- term balloon loan, in which the interest rate is fixed during the term of the note, but ...
- What is renegotiable rate mortgage? definition and meaning
Definition of renegotiable rate mortgage: Short-term mortgage loan that is periodically (usually every 3 to 5 years) renegotiated or rolled over at the current ...
- Renegotiable-rate mortgage - Dictionary.com - Reference.com
Renegotiable-rate mortgage definition, a type of home mortgage for which monthly payments stay constant for a term, usually of three to five years, and the ...
- Renegotiable Rate - Financial Dictionary - The Free Dictionary
A type of variable rate involving a renewable short-term "balloon" note. The interest rate on the loan is generally fixed during the term of the note, but when the ...
- 10 Pa. Code § 31.6. Renegotiable rate mortgage loans.
A savings association may make, purchase or participate in a renegotiable rate mortgage loan program under the authority contained in sections 701(a)(22), ...
- 13.33. Protective provisions with respect to certain renegotiable rate ...
The renegotiable rate or rollover mortgage loan shall be issued for a term of 3, 4 or 5 years, secured by a long-term mortgage of up to 30 years and automatically ...
- renegotiable-rate mortgage - Invest Definition
renegotiable-rate mortgage definition: A variable-rate mortgage that has a renewable short-term balloon note. Generally, the interest rate on this type of loan is ...
- Renegotiable Rate Mortgage
Apr 4, 2004 ... Renegotiable mortgages are home loans having fixed interest rates and monthly payments for a fixed period of time after which the rates are ...