In addition to the traditional 25 - year mortgage amortization (the time you'll take to pay the loan back in full, with interest), there are now 30 -, 35 - and 40 -
year amortizations available.
Not exact matches
Popular fixed - rate mortgages are
available for 30, 20, 15, and 10
years, but we will let you pick any loan
amortization term from 10 to 30 -
years.
After November 30, the maximum insurable mortgage even though conventional will not be
available for properties over $ 1,000,000, investment properties and for
amortizations over 25
years; these mortgages must also qualify based on the 5 -
year posted rate of 4.65 %, regardless of the rate on contract.
There was 100 % financing
available, 40
year amortizations, cash back mortgages 95 % refinancing, 5 % down payment required for rental properties, and qualifications for FIXED terms under 5
years and VARIABLE mortgages at discounted contract rate.