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| Name | What is a mortgage term? | Mortgages Made Simple | HSBC UK |
| Video Uploader | Video From HSBC UK |
| Upload Date | This Video Uploaded At 28-07-2020 13:29:36 |
| Video Discription | Thinking of buying for the first time and want to understand the mortgage process? Find out more here: https://www.hsbc.co.uk/mortgages/guidance/jargon-buster/ What is a mortgage term, and how long should it be? It’s simply the length of time on your mortgage – in other words, the schedule you have to pay back the mortgage loan. A typical mortgage term is 25 years. It’s possible to go for a longer term mortgage – say 30 years. By lengthening the term you can reduce the monthly repayments. However, by doing this, the total amount of interest you pay will increase, meaning you’ll repay more overall. See all the mortgages we offer: https://www.hsbc.co.uk/mortgages/products/ If you need help with some of the other tricky terms and phrases, take a look at the rest of our ‘Mortgages Made Simple’ playlist. *Remember, your home may be repossessed if you do not keep up repayments on your mortgage.* Subject to status & eligibility. Booking fees may apply. For persons in the UK. T&Cs apply. For more information, visit: Website: https://www.hsbc.co.uk/ Facebook: https://www.facebook.com/hsbcuk Instagram: https://www.instagram.com/hsbc_uk Twitter: https://twitter.com/HSBC_UK zAR1sX2RZS8 |
| Category | Education |
| Tags | hsbc | banking | mortgages | mortgage term | mortgages made simple |
