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.
“John is very knowledgeable of the Muskoka Real Estate area. Using his expertise, we were able to find the perfect house, in the correct area and within our budget. He also provided terrific feedback and has remained in touch with us to keep us up to date on market conditions. John is a super agent and a terrific person. We highly recommend John as your agent.”
- Mark H.
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