A type of rollover mortgage in which the interest rate on the loan is renegotiated every five years. This is the standard type of home financing loan that is offered in Canada.
Related information about Canadian rollover mortgage:
- Canadian Rollover Mortgage Definition | Investopedia
A home mortgage with an adjustable rate feature. The Canadian Rollover mortgage differs from a 30-year fixed rate mortgage, in that the loan's interest rate is ...
- Rollover Mortgage Definition | Investopedia
... harm the borrower. An example of a rollover mortgage is the Canadian rollover mortgage, which is a common type of renegotiable-rate mortgage in Canada.
- What is Canadian rollover mortgage? definition and meaning
Definition of Canadian rollover mortgage: A type of rollover mortgage in which the interest rate on the loan is renegotiated every five years. This is the standard ...
- American Equity Mortgage | Mortgage Terminology
Also known as a renegotiable rate mortgage, variable rate mortgage or Canadian rollover mortgage. Adjusted Basis The cost of a property plus the value of any ...
- Mortgage Glossary - GetSmart
Also known as the renegotiable rate mortgage, the variable rate mortgage or the Canadian rollover mortgage. Adjustment Interval, On an adjustable rate ...
- Glossary - Brook Mortgage Corporation
Also sometimes known as the renegotiable rate mortgage, the variable rate mortgage or the Canadian rollover mortgage. Adjustment Interval On an adjustable ...
- Mortgage Terminology
Also sometimes known as a renegotiable rate mortgage, variable rate mortgage or Canadian rollover mortgage. TOP. Adjusted Basis The cost of a property plus ...
- Mortgage Terminology Defined - Salesperson ... - State of Hawaii
mortgage or Canadian rollover mortgage. Agreement of Sale. A type of owner financing. See Contract Sale or Deed. Amortization Loan. Loan payment by equal ...