FAQs

What is the amortization period and how does it affect my mortgage?

The amortization period is the total length of time that it will take to pay off your mortgage. The longer the amortization period, the lower your minimum mortgage payments will be and the more you will pay in total interest on your loan. The shorter the amortization period, the higher your minimum mortgage payments will be and the less you will pay in total interest on your loan.