home | about us | site map | contact us

home mortgages commercial mortgages calculate mortgage payments view current mortgage rates how to use a mortgage learn about mortgages
apply online home mortgage refinance home purchase mortgages home equity loans home finance mortgages home loan types home mortgage rates home mortgage calculators mortgage articles home mortgage faqs
FAQs

home > home mortgages > FAQs > general > terms

What is a home mortgage loan term?

According to The Mortgage Store Online, a home mortgage loan term is the length of time you can keep your home mortgage loan before you have to renew or refinance it, or can pay it out (like pay off your mortgage loan completely).

For example, if you had a home mortgage loan with a 5 year term, you would keep the conditions of your mortgage loan contract (the conditions about your payments and rates) for 5 years. After your term of 5 years is up, you could renew your home mortgage loan (and possibly get new conditions for your payments and rates) for a new term in the length of your choice. Or, you could totally pay out your mortgage loan and be mortgage loan-less.

The Mortgage Store Online offers the following home mortgage loan terms:

  • Short home mortgage loan terms (6 month to 5 year terms)
  • Long home mortgage loan terms (6 year to 18 year terms)

Get a home mortgage loan today! Fill out the home mortgage application.

Want to learn more about these home mortgage loan faqs topics? Simply contact The Mortgage Store Online's brokers by using the contact form or by calling them at 1-866-880-2577.

<< return to general mortgage faqs

Home mortgage loan faqs

apply online | home mortgage refinancing | home purchase mortgages | home equity loans | home finance mortgages

home loan types | home mortgage rates | mortgage calculators | mortgage articles | RSS feed icon home mortgage news

home mortgage loans | commercial mortgage loans | calculate mortgage payments | view current mortgage rates

how to use a mortgage | learn about mortgages | privacy policy | disclaimer | RSS feed icon mortgage news & tips

home | contact us | mortgage glossary | about us | site map

The Mortgage Store Online, Inc.
Canadian Head Office: 54 Vansittart Avenue Woodstock, Ontario, Canada N4S 6E4
Home Mortgages: Phone: 1-866-880-2577 Fax: 1-866-270-1984
Commercial Mortgages: Phone: 1-866-674-0548 Fax: 1-866-876-3956

Copyright ©2016 The Mortgage Store Online, Inc. All rights reserved.

 Equal Housing Lender