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WOWA.ca on Twitter: "Answer: Amortization is the total amount of time it takes to pay off your mortgage while your term dictates how it's paid off💡 📜 Your term contract specifies your
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MERIX Financial - Mortgage terminology can be unclear so here is a breakdown of two common terms. It is important to understand what a term and amortization are because your payment amount
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MERIX Financial - Although they both refer to key time periods in a mortgage, term and amortization are not the same. Outlined below are the key differences. For more information, consult your
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