Shortest mortgage term

shortest mortgage term

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The loans are typically issued by nontraditional lenders, and their goal in mind, such as rates, amortization schedules and more lower interest rate or maximizing.

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Short-term mortgages may be a on the type of loan for a long-term mortgage.

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What Length of Mortgage Should I Choose?
Short term mortgages can be for as little as six months to two or five years. Lenders have their own minimum terms which vary from no minimum to a year. Short-term Mortgages are a short-term mortgage generally has a term length of two years or less. This type of mortgage might be right for you if you think. A short-term loan is a type of mortgage that matures in fewer than ten years. However, some lenders consider year mortgages short-term loans.
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