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What are products?

What are products?

  When you enter the world of mortgages you will hear lots of buzz words, most of which I will cover throughout this blog. One you will hear early on is “products”. Products relate to the interest rate that you are going to pay to the lender for borrowing your...
What is Term?

What is Term?

What is term? The term of a mortgage is the time period over which you repay the mortgage loan. For example, you will hear people talk about a 25-year term. In general, the term of your mortgage should go up to your intended retirement age so your mortgage is repaid...