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  • Better
  • Apply now
    Purchase rates
    Affordability calculator
    Mortgage calculator
    Rent vs buy calculator
    Find an agent
    VA loans
    Learning center
  • Apply Now
    Refinance rates
    Cash-out refinance calculator
    Learning Center
  • Apply Now
    Calculate your Cash 💵
    HELOC vs. Cash-out Refinance
    Learning Center
  • Purchase mortgage rates
    Refinance rates
    Refinance cash-out rates
    HELOC rates
    Purchase VA rates
  • Get Insurance
    Title and Closing
    Better Attorney Match
    Learning Center
    Better Agent MatchFor Agents
    Better DuoFor Agents
  • Call us anytime at 415-523-8837
  • Get started
←Frequently asked questions

What is a loan term?

A loan term is the length of time over which the loan is to be repaid. The most popular type of loan terms are 30-,20-, and 15-year term loans.

Related questions

  • Will I get the same rate I was quoted?
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  • What is a 5/1 ARM?
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  • What is an adjustable rate mortgage?
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  • What's the definition of basis points or BPs?