Tag Archives: Terms

Last week, we pulled together six common mortgage-related terms and phrases that potential homeowners might be spooked by. Have no fear; this week, we dig up another half-dozen! 6 more not-so-scary mortgage terms you should know   1 — Credit Report & Credit Score  To understand your creditworthiness (how risky …

The loan term is the length of time it will take to repay the loan in full by making the minimum payments. It is also referred to as a term loan. Loan terms typically range between three years, for personal loans and auto loans, to 15 to 30-year loan terms …