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The mortgage term is the length of time you commit to the mortgage rate, lender, and associated mortgage terms and conditions. The term you choose will have a direct effect on your mortgage rate, with short terms historically proven to be lower than long-term mortgage rates. The term acts like a 'reset' button on a mortgage. When the term is up, you must renew your mortgage on the remaining principle, at a new rate available at the end of the term.
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Does the Bank of Nova Scotia have a mortgage repayment calculator online?
The Bank of Nova Scotia does have a mortgage repayment calculator available online. It is free of charge for you to use this to calculate how long it will take and what you will pay for your mortgage.
When is mortgage refinancing not a good idea?
Mortgage refinancing is not a good idea when you have had your mortgage for a long period of time.
If the cosigner of a home loan dies will the bank go after his estate for repayment?
My belief is that as long as the mortgage is paid on time by the borrower, there would be no reason to go after the cosigner estate.
What are the general deal terms of a remortgage?
It is possible to change the term of one's mortgage. The monthly mortgage payment amount will change since one is paying the mortgage off for either a long period of time or a short period of time.
How long are you required to have mortgage insurance?
You will need mortgage insurance as long as you still have a balance to pay on your mortgage, so in essence for as long as you have a mortgage.
Does the Bank of Nova Scotia have a mortgage repayment calculator online?
The Bank of Nova Scotia does have a mortgage repayment calculator available online. It is free of charge for you to use this to calculate how long it will take and what you will pay for your mortgage.
When is mortgage refinancing not a good idea?
Mortgage refinancing is not a good idea when you have had your mortgage for a long period of time.
What are the terms a of a long term loan?
A long term loan is a type of loan that has an extended repayment period. There are many examples of long term loans, including both car loans and home loans. Typically any loan with a repayment period of longer than 3 years (36 months) is considered a long term loan.
If the cosigner of a home loan dies will the bank go after his estate for repayment?
My belief is that as long as the mortgage is paid on time by the borrower, there would be no reason to go after the cosigner estate.
What are the general deal terms of a remortgage?
It is possible to change the term of one's mortgage. The monthly mortgage payment amount will change since one is paying the mortgage off for either a long period of time or a short period of time.
How long does a typical pregnancy last?
40 weeks from the last period.
Is the pattern of temperature and precipitation typical of an area over long period of time?
the climate
Is the pattern of temperatures and precipitation typical of an area over a long period of time?
the climate
What typical weather pattern in an area over a long period of times is the areas?
climate
Is the pattern of temperature and precipitation typical of an area over a long period of time?
the climate
What is the pattern of temperature an precipitation typical of an area over a long period of time?
the climate
How long are you required to have mortgage insurance?
You will need mortgage insurance as long as you still have a balance to pay on your mortgage, so in essence for as long as you have a mortgage.
