CENTURY 21 Manley Associates, Inc.
CENTURY 21 Manley Associates, Inc.
(434) 977-7300
Each Office is Independently
Owned and Operated
Serving Charlottesville since 1978


Real Estate Glossary

  Amortization Term

The amount of time required to amortize the mortgage loan. The amortization term is expressed as a number of months. For example, for a 30-year fixed-rate mortgage, the amortization term is 360 months.

 

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