Real Estate Glossary | What is Remaining Term??

Q: What is Remaining Term?

The remaining term refers to the amount of time left on a loan until it is fully paid off. For example, if a loan has a 30-year term and has been outstanding for 10 years, the remaining term is 20 years. This is an important consideration when refinancing a loan, as a shorter remaining term may result in a lower interest rate.

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