Advertisement
Advertisement
renegotiable-rate mortgage
[ ree-ni-goh-shee-uh-buhl-reyt, -shuh-buhl- ]
noun
- 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. : RRM
Advertisement
Advertisement
Advertisement
Advertisement
Browse