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A term mortgage is a type of installment loan

February 1, 2023

A term mortgage is a type of installment loan

But not, your loan is almost certainly not useful for your earnings, for example refinancing out-of personal debt

  • Obtain from $25,100000 up to $five hundred,100
  • A six-month to five-seasons cost several months
  • A fixed rate of interest that never ever alter along the lifetime of the loan
  • Repaired monthly installments
  • No prepayment costs
  • A one-go out origination percentage

You’ll receive a full loan amount, excluding the fresh new origination fee, at the start and you can repay the mortgage that have a number of fixed (basically monthly) payments. (more…)

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