The length of time, expressed in months, required to pay off a mortgage. It can also express how the payments in an ARM are structured. For example, a 5 year ARM loan can be amortized over 30 years.
The length of time, expressed in months, required to pay off a mortgage. It can also express how the payments in an ARM are structured. For example, a 5 year ARM loan can be amortized over 30 years.