The total amount that a borrower owes on a loan
Remaining term
The amount of time until a loan is completely paid off
If you are in your fifth year of paying off a 30-year loan, the remaining term is 25 years.
Mortgage definitions and Real Estate Terms, Consolidating loans, refinancing mortgages and reverse mortgage process available to anyone. This consumer information site contains several tools and guides to aid in purchasing or refinancing a home or commercial property.
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Thursday, October 19, 2006
