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Q: What is the average length of a mortgage?
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What is the Average length of a us mortgage?

25 years.


What is the average current mortgage rate?

The average mortgage rate is different for each state. Mortgage rates also vary based on the length of the mortgage and the person's credit score that is applying for the mortgage. To estimate the average mortgage rate for your state you could visit mortgagecalculator.org.


What would be considered an average mortgage payment?

There is no such thing as an average mortgage payment. This is down to the fact that house prices vary nationwide, interest rates vary and the length, or term, of a mortgage will also vary.


What was the average contract length of residential mortgage loans from commercial banks in 1920?

14.8 years


How much does an average US home mortgage cost?

The average United States home mortgage will depend on the location, age and size of the house. In February 2013, the average house in the United States cost $152,000. As for the actual mortgage rate, that will depend on the length and type of mortgage one gets. On average, a 30 year fixed rate would be about 4.2%.


How much is the average mortgage?

The average national monthly mortgage payment in the United States was $1,687 in mid 2006. By contrast the average rent was roughly $890. ===What is a mortgage=== A mortgage is the amount of money borrowed from the bank to purchase a house or other real property. The monthly payment amount varies based on: *Total amount borrowed *Length of the mortgage (A standard length is 30 years but can be anything) *Interest Rate (Fixed or variable, market rate and credit history) *Escrow requirements (Based on taxes and insurance and how much money you put down to start with) *Other terms (Balloon mortgage)


What is the average fixed home mortgage rate in the Cleveland area?

Current fixed home mortgage rates range from 3-4.5%. The rate will depend on what length of a term you decide to take on your mortgage, the longer the term, the lower the rate will be.


What is the average cost of the existing home mortgages in America today?

The average cost of an existing home mortgage depends on several items. Interest Rate Closing Cost Length of mortgage or term of mortgage The amount of the mortgage. If you can provide more details to the question I will provide you with a complete answer. I have one question for you. Are you asking the question of; what is the average closing cost of an existing mortgage in America Today. If that is your question, the answer is 3-5% of the loan amount. Frank Thomas Sr. Loan Consultant www.lowermymortgageratestore.com


How much is the Average size of mortgage in US?

As of Q2 2010 the Average mortgage in the US was $193,800.


How can one use the BBC mortgage calculator?

To use a mortgage calculator, you type in the length of your mortgage, the amount of principal that you owe, and your mortgage rate. It will then tell you what your payments will be.


What does the average American mortgage payment?

the average mortgage payment is around $1400.00 a month. believe it or not when i bought my house in 1972 my mortgage was $143.75 a month


What is the average salary of mortgage loan assistant?

What is the average entry level compensation for a mortgage assistant in oregon