The length of time during which a mortgagor pays a specific interest rate on the mortgage loan. The entire mortgage principal is usually not paid off at the end of the term because the amortization period is normally longer than the term.
“We arranged for John to work with a family member to find a condo in the Huntsville area. John was very professional, and courteous and highly competent. As a native of Muskoka, his knowledge of the area and the various real estate property types and price points is unparalleled. I would work with John again without hesitation - highly recommended.”
- Rob H.
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