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FAQs
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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:
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 |
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