Mortgage Term Financial Glossary

What is it? This is the number of years over which the mortgage is arranged. If a capital and interest mortgage is being considered then it is worth looking at shorter terms than the traditional 25 year mortgage as considerable interest savings can be made by reducing the mortgage term by even a couple of years.

Finance Term Definition Added By: Sean

The Mortgage Term definition has been viewed 2570 Time(s)!

Send To Friends!

If you'd like to send the Mortgage Term definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Mortgage Term. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Prime Rate is The basic rate of interest on loans charged by commercial banks.

Financial Term Price earning growth is The Price earning growth (PEG) factor measures the relative cost of earning growth at the current share price.

Financial Term Telematics Application Program is One of the high level programs under FP3 and FP4, merged into IST in FP5

Financial Term Creditors long is Loans that are not due to be repaid in the next twelve months

Financial Term Offer Price is The price in the market that a prospective seller is prepared to accept to sell the shares. The higher of the prices in the Bid to Offer spread. The price paid when you buy the shares and the existing shareholder accepts the OFFER to buy them.