The number of years it will take to pay off a loan. The loan term is used to determine the payment amount, repayment schedule and total interest paid over the life of the loan.
Call now 1.800.763.6798
Home loans differ based on their type, such as fixed-rate or adjustable-rate, and their loan Glossary_Term: term. Loans also vary in Glossary_Term: interest rate and Glossary_Term: annual percentage rate (APR), and buying Glossary_Term: points can lower your interest rate. We’ll help you understand your mortgage options so you can find the loan that’s right for you.