Intermediate term mortgage

Learn about the definition for this legal term.

What is Intermediate term mortgage?

A mortgage loan with a contractual maturity from the time of purchase equal to or less than 20 years.

Further Reading

For more detailed information, see our related Real Property terms:

Pass the Bar, Guaranteed

BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).
Bar Exam starts in:
Days
Hrs
Mins
Secs
Study better now