Select a term from the dropdown text box. The online mortgage
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The loan term refers to the amount of time that a borrower is
given to pay off a loan. Loan terms vary, but are often set at
15 or 30 years.
Loan term is a key factor used to establish the size of the
periodic (e.g, monthly or biweekly) payment. The longer the loan
term, the smaller the size of the periodic payment.