Roll In

Definition

  • This term means that certain closing costs are included or rolled into the mortgage loan. As a result, the borrower has lower out-of-pocket closing costs and higher monthly payments.

Synonyms
roll, roll in loans, rolling

Alternate Spellings
Roll in loan, Roll-in, Roll in loans, Roll-in Loan, Roll-in Loans

Related Terms and Acronyms

  • Legal Fees and Disbursements Definition,
    • Charges paid on your behalf by a solicitor that are in addition to professional costs.
  • Non-Recurring Closing Costs (NRCC) Acronym,
    • One-time fees paid at a real-estate settlement, including origination, appraisal, points, title insurance and credit report.
    Non-recurring fees at closing are those that are paid once such as a property inspection or property appraisal fees. Recurring fees are those that are paid again and again such as property taxes, condo fees and property insurance.
  • Pre-paid Expenses Definition,
    • also called prepaid items or prepaids -- Recurring costs such as taxes, insurance and interest that are paid at closing and which cannot be financed.
  • Roll In Loans Definition,
    • A refinancing loan that rolls any closing costs or fees into the loan. These programs best serve people who have a reasonable amount of home equity, want to reduce their overall interest expense, and plan to stay in their homes.
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