Real Estate Glossary

  Amortization Term

The amount of time required to amortize the mortgage loan. The amortization term is expressed as a number of months. For example, for a 30-year fixed-rate mortgage, the amortization term is 360 months.

 

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Westchester County Real Estate Agent and Putnam County Homes
Westchester Putnam Realtor Alexander Rallis - Broker Owner- 1(866)222-0772
RE/MAX Heritage Realty 1870 East Main St. Mohegan Lake, New York 10547. Serving Yorktown Heights, Croton, Chappaqua, Westchester Putnam Counties New York.


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