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.
®2012 Century 21 Real Estate LLC. CENTURY 21® is a registered trademark licensed to Century 21 Real Estate LLC, A Realogy Company.
Equal Housing Opportunity.
Listing information is deemed reliable but is not guaranteed accurate.