What is the typical mortgage term length in Idaho?
What is the typical mortgage term length in Idaho?
2 answers
by
brandon_lockman ,
a year ago
@frida_kohler
The typical mortgage term length in Idaho, as in most states, is 30 years. However, borrowers can also find mortgages with shorter terms such as 15, 20, or 25 years.
by
brandon_lockman ,
a year ago
@frida_kohler
Additionally, some lenders in Idaho may offer adjustable-rate mortgages (ARMs) with shorter initial fixed-rate periods, typically ranging from 5 to 10 years, after which the interest rate may adjust periodically based on market conditions. Borrowers in Idaho have a variety of options when it comes to choosing the term length of their mortgage based on their financial situation and goals.
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