The period over which a loan is scheduled to be repaid or remains in effect.
Put this term into context.
Use related guides, calculators, and magazine features to see how this concept affects real home-equity decisions.
Related Education Guides
Home Equity Loans for Veteran Homeowners: When a Fixed Second Payment May Fit
For veteran homeowners who want a known lump sum, a home equity loan may provide a fixed-payment alternative to a revolving line of credit.
Read guide →Home Equity Loan Closing Costs: What to Compare Beyond the Rate
A fixed rate is only one part of a home equity loan decision. Compare fees, term, payment, lien position and total borrowing cost.
Read guide →HELOC vs. Home Equity Loan for a Known Expense
A known one-time expense can make the choice between revolving credit and a lump-sum second mortgage easier to frame.
Read guide →DSCR Cash-Out Refinance: Liquidity vs. Repricing the Whole Loan
A DSCR cash-out refinance can release a large amount of equity, but it also rewrites the first-lien financing on the property.
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How DSCR lenders may evaluate short-term rental income and why Airbnb- and VRBO-style properties can require different documentation and underwriting.
Read feature →Can You Qualify for a DSCR Loan Without W-2 Income?
How property-based DSCR qualification differs from conventional income qualification, including reserves, credit, and lender-specific requirements.
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