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Home straight-line principal reduction mortgage loan

With this a straight-line principal reduction mortgage, you'll pay off your principal (the amount you borrowed) by the end of your home mortgage loan term.

Why is this mortgage super-duper? If you choose this as your type of mortgage loan, you'll repay your principal fast. Like, whoosh!

When you repay your principal fast, using a the straight line principal reduction mortgage loan, you can own your home or multi-residential real estate faster. And fast repayment of principal means you can stop making mortgage loan payments on your home real estate faster. With renting, you never get to stop making payments. Also, fast reduction of principal can let you start to make pure profit from renting out houses and multi-residential real estate.

Use this mortgage-type for debt consolidation. When your principal is reduced fast, your home mortgage loan debt can be paid back faster than a credit card or loan debt.

Seeking equity take out with a straight-line principal reduction mortgage loan? You can pay off the cost of getting cash out of your home real estate fast.

Searching for a line of credit? With your principal being paid off fast, your home mortgage loan debt can be paid back faster than a bank line of credit.

Fill out the home mortgage application. Get this mortgage today!

Learn about the rates, amortization, terms and down payments for home straight-line principal reduction mortgage loans

Rates for straight-line principal reduction mortgages

You can get these rates for this type of mortgage loan if you use an institutional lender:

  • Fixed rates
  • Adjustable rates

You can get these rates for this type of mortgage loan if you use a private lender:

  • Fixed rates
  • Adjustable rates
  • Convertible rates

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Amortization for straight-line principal reduction mortgages

There's no amortization for this mortgage loan types.

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Terms for straight-line principal reduction mortgages

If you use an institutional lender, you can get these terms for mortgage loans:

  • Short terms (6 months to 5 years)
  • Long terms (6 years to 18 years) with 6-15 year term lengths being the most common

If you use a private lender, you can get these terms for mortgage loans:

  • Short terms (6 months to 5 years)
  • Long terms (6 years to 18 years)

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Down payments for straight-line principal reduction mortgages

On a straight-line principal reduction mortgage loan, you can make the following down payments if you use an institutional lender:

  • Down payments 5%-25% of your real estate's value
  • Down payments 25%-95% of your real estate's value

On a straight-line principal reduction mortgage loan, you can make the following down-payments if you use a private lender:

  • Down payments 5%-25% of your real estate's value
  • Down payments 25%-95% of your real estate's value
  • no down payment (0% down)

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Want to know what some of these mortgage loan terms mean? Check out the mortgage glossary.

Get more info on straight line principal reduction mortgage loans. Simply contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-880-2577.

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