What is a Mortgage Loan Term?

Hello there! Welcome to Houston first time home buyers edition. One of our first time home buyers ask us what is a mortgage term. We would like to share the answer we gave her with you guys. A mortgage loan term is the total number of years over which the home buyer agrees to repay the full mortgage loan amount borrowed. Just in case you were wondering, mortgage loan term can be 10, 15, 20, 30 and in some case 40 years.

As always, thank you so much for stopping by. Remember, if you are thinking of purchasing your first home, please give us a call 713.204.8013 or Email us. We are here to help. We have been helping Houston first time home buyers since 2011 and we can help you. I hope you have an amazing day. Until next time...