Sentences with phrase «period than a traditional mortgage»

Both often have a shorter repayment period than a traditional mortgage.

The downsides: It's a mortgage that can be foreclosed if you stop paying, and after the initial term runs out, you will have to pay back all of the outstanding money — with amortized interest within a shorter period than a traditional mortgage.

Not exact matches

New mortgage products that extend the traditional 25 - year mortgage amortization period to 30 and 35 years may also help them realize their goal of owning a home sooner rather than later.»