Amortization Term
The amount of time required to amortize the mortgage loan. The amortization is expressed as a number of months. For example, for a 30 year fixed rate mortgage, the amortization term is 360 months.
Tagged under:
Welcome to 1st Source Bank! Our system detects the security of your connection is outdated. Please do not enter any confidential information on our site until you upgrade your browser to its latest version. Out-of-date browser software provides an opportunity for scams and could expose your financial data to fraud. 1st Source values the safety and security of our clients' accounts and information.
Should you have any questions or continue to have an issue, please contact our Customer Service Center at (574) 235-2000 or (800) 513-2360. Thank you for your cooperation and patience.