MetaGlossary.com: Term Of Loan

Keywords: Repay, Months, Anywhere, Length, Years

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The amount of time required to repay the mortgage loan. The term of loan is expressed in months. For example, for a 30-year, fixed-rate mortgage, the term is 360 months (30 years X 12 months). See also amortization term.

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Length of time it takes to pay off a loan.

http://staugustine.com/autofinder/loan.shtml

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Over how many years would you like to pay off the loan secured by the house in this comparison. Typical terms are 15 or 30 years.

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The amount of time you have to repay the mortgage loan. It's usually expressed as a number of months. For example, the term for a 30-year fixed-rate mortgage is 360 months (30 years X 12 months).

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The actual length of time for which the money is borrowed. Anywhere from one month to 25 years. The period for which the mortgage is registered, in months.

http://mtg-plus.com/glossary.htm

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