Mortgage which lasts for 40 or more years. These can be considerably more expensive than shorter mortgages because of the greater risks involved in lending for a longer period of time and because of the additional interest which compounds over such a long period of time.
Related information about long-term mortgage:
- What is long-term mortgage? definition and meaning
Definition of long-term mortgage: Mortgage which lasts for 40 or more years. These can be considerably more expensive than shorter mortgages because of the ...
- What is a Long Term Mortgage?
A mortgage is a long-term loan arranged through a bank, another lender, or the seller of a property. A long term mortgage is one that is extended beyond the life ...
- What is long term mortgage? definition and meaning
Definition of long term mortgage: In general, a mortgage with a maturity period of 40 years or more.
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Oct 25, 2012 ... Fixed mortgage rates on long-term loans in the United States rose modestly in the week that ended Thursday, the Federal Home Loan ...