Meaning Of The Word Renegotiable-rate mortgage

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Renegotiable-rate mortgage Meaning

Renegotiable-rate mortgage Definition
Renegotiable-rate mortgage Definition

What's The Definition Of Renegotiable-rate mortgage?

renegotiable-rate mortgage in American English
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

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