Mortgage Term (sometimes referred to as Mortgage Tenor)
This is the length of time covered under the financing contract whereby you commit to a specific mortgage rate and conditions with a lender. The most common is 5 years, but other terms are available, typically ranging from a 1-year term to a 25-year term.
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Don Scott
Don Scott is the founder of a challenger mortgage brokerage that is focused on improving access to mortgages. We can eliminate traditional biases and market restrictions through the use of technology to deliver a mortgage experience focused on the customer. Frankly, getting a mortgage doesn't have to be stressful.
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