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Loan term
The amount of a time set by the lender for a buyer to pay a mortgage. Most conventional loans have 30-year or 15-year terms.
Related Terms
Remaining term
Conventional loan
Bridge loan
Balloon loan
Two-step mortgage
Construction to permanent loan
Fixed-rate mortgage
Biweekly mortgage
Additional principal payment
Construction loan
Graduated-payment mortgage (GPM)
Life cap
Competent
Tax shelter
Bona fide
Leasehold estate
Granny flat
Principle of progression
Principle of regression
Top producer
Loan origination fee
Fiduciary duty
Teaser rate
Tract home
Passive loss
R-value
Interest
Loan -to-value ratio
Loan processing fee
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