The amortization period represents the actual number of years it takes to repay a mortgage loan in full. (mcap.com)
If you do not repay your mortgage loan, the lender has the right to take possession of your house and sell it in order to satisfy the mortgage debt. (saintpaulmortgagebroker.com)
Your credit score already considers whether you have previous experience repaying a mortgage loan. (growingfamilybenefits.com)