mortgage term

Definition of "mortgage term"
  1. The set duration that a mortgage is programmed to last, like 30 years
How to use "mortgage term" in a sentence
  1. He opted for a 15-year mortgage term as he planned to pay it off early.
  2. The financial advisor recommended a shorter mortgage term to reduce the total interest paid.
  3. Their 30-year mortgage term was nearly at its end, and they had almost paid off their house.
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