Mortgage Term

You're about to start on an exciting journey toward homeownership. But before you dive headfirst into the world of real estate financing, there's an important decision you'll need to make which is choosing the right mortgage term. The mortgage term refers to the length of time you commit to a specific mortgage rate, lender, and conditions. It's a critical aspect of your mortgage because it determines how long you'll be making regular payments and the total amount of interest you'll pay over the life of the loan. Here's a comprehensive guide to help you navigate the process of choosing the…