The amount of time needed to amortize a
mortgage loan. The amortization term is given
in number of months. For example, for a 30-year
fixed-rate mortgage, the amortization term is
360 months.
The amount of time needed to amortize a
mortgage loan. The amortization term is given
in number of months. For example, for a 30-year
fixed-rate mortgage, the amortization term is
360 months.
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