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A mortgage term, as explained by Mortgage Delivery Guy, refers to the duration of a mortgage agreement. It specifies the length of time you commit to a particular interest rate, payment schedule, and lender's terms. Common terms range from 1 to 5 years, after which you can renew or renegotiate. Selecting the right term is crucial in determining your overall mortgage cost and financial flexibility. Trust us to guide your informed decisions.
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Ad Detail: What is a Mortgage Term? - Mortgage Delivery Guy
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