Definitions for "Mortgage Term"
Related Terms:
Term of loan, Loan term, Rollover loan, Amortization period, Amortisation period, Term, Amortization term, Seasoned mortgage, Fifteen-year mortgage, Discount mortgage, Lock-in period, Term loan, Open mortgage, Early redemption penalty, Redemption penalty, Terms, Repayment term, Repayment period, Payment holiday, Ram, Interest only mortgages, Overpayment, Permanent loan, Flipping, Early repayment charges, Bullet loan, Term mortgage, Interest only loans, Closed-end loan, Loan constant, Rollover, Reverse annuity mortgage, Redemption penalties, Early repayment charge, Closed mortgage, Interest-only mortgage, Interest only, Mortgage refinance, Flexible mortgage, Wraparound loan, Capital and interest mortgage, Lock period, Lock-in, Temporary buydown, Repayment mortgage, Refinance, Deferred interest mortgage, Interest only mortgage, Capital & interest, Rate lock
The period of time for which the money is loaned and the interest rate is set out at
The period over which the mortgage loan is to be repaid.
Period over which mortgage is to be repaid. Negative Equity When the value of your house falls to less than your mortgage. Over 1.5 million home owners have experienced this during the recent recession. Pension Mortgage Monthly repayments made up of a) Interest on loan and b) contribution to a personal pension scheme. The loan on the house is paid off in one lump sum at the end of the loan period.
The length of the time the lender will lend the money over.
the length of time over which you have agreed to pay back your mortgage usually 25 years.
The length of time the borrower has a mortgage.
The length of time a lender will loan mortgage funds to a borrower. Most terms run from six months to five years, after which the borrower will either pay off the balance or renegotiate the mortgage for another term. Payments are calculated using the interest rate offered for the term, the amount of the mortgage, and the amortization period.
The length of time over which you agree to pay back your mortgage, up to a maximum of 40 years.
The length of time over which you agree to pay back your mortgage — usually 25 years, but it can be longer or shorter.
The term over which a mortgage must be repaid to a lender.
The length of time agreed for the repayment of the loan
Length of time before the mortgage loan must legally be repaid.
the number of years or months which you mortgage rate is locked in for. Terms usually range from six months to 10 years.
The actual length of time money is loaned at the contractual rate of interest. Terms range from three months to twenty five years. Traditionaly the longer the term the higher the rate.
The length of time in years which you take out to pay back your mortgage. Most commonly people take out a term of 25 years but it could be 5 years if you borrowed a small amount.
Refers to the amount of time the borrower has to repay a loan to the lender.
is the length of time specified in the contract for repaying the loan, sometimes called the contact life of a loan.
The term over which you agree to repay the loan. Back to the top
is the actual length of time that the money is borrowed.
The time length of a loan.
The number of years over which the mortgage is to be repaid. This can be from, say 3 years to 25 years, or in some circumstances, lifetime. Generally a mortgage should be repaid by normal retirement age. The shorter the term the higher the monthly repayments. When deciding the term for your mortgage you should take into consideration that at the end of any special period the interestrate will be the lender's SVR. If the SVR increases so will your monthly repayments. Jump to
Overall repayment period of the mortgage.
The length of time over which the mortgage is to be repaid. Often this is 25 years - but it can be shorter, or in some cases for longer periods of time. Negative Equity When the value of the mortgage which is outstanding on the property, is more than the market value of the property.
The length of time agreed by the lender and policy holder before the mortgage must be repaid.
The length of time set for the mortgage to run. At the end of the mortgage term, you are legally obliged to repay the loan in full.
The number of years or months over which you pay a specified interest rate. Terms usually range from six months to 10 years.
This is the length of time a mortgage is to be repaid over according to the lenders contract. Most mortgage terms are around 25 years. Some mortgage terms are flexible allowing the borrower to pay the mortgage off early.
The length of time that a mortgage is scheduled to exist. Example: a 30-year mortgage term is for 30 years.
The period of time over which a mortgage loan must be repaid.
The length of time a mortgage is scheduled to take to pay off. (Most commonly 15, 20, or 30 years.)
The length of time a lender will loan mortgage funds to a borrower. Most mortgage terms run from six months to five years, after which the borrower can either repay the remaining principle of the mortgage, or renegotiate the mortgage for another term.
The length of time the mortgage runs for e.g. 25 years.
The period in years to repay the mortgage.
The period over which the mortgage must be repaid.
When a mortgage is arranged it will be for a fixed time period
The agreed period of time (in full years) over which your mortgage will be run. In most cases this is 25 years, the majority of lenders have a minimum mortgage term of 5 years. At the end of the mortgage term you are required to have paid off the mortgage.
Is the period of time (usually up to 25 years) during which you agree to repay the loan to us. Net Rate for savings accounts The Net rate is the rate paid after income tax has been deducted (currently 20%). Overpayments With a Cambridge Flexible Mortgage, you can make extra payments when you like: reducing your balance quicker so that you pay your loan off early.
The length of time the interest rate is guaranteed for a mortgage. Mortgage terms normally range from 6 months to 5 years or more, after which time you can repay the balance of the principal owing or re-negotiate the mortgage at current rates.
The period of time over which the current conditions of the mortgage will apply.
See Term.