term loan

Which Type Of Loan Most Often Involves Long-term Repayment Over 30 Years?

by

Which Type Of Loan Most Often Involves Long-term Repayment Over 30 Years? Mortgages are usually amortized over long periods, such as 15 or 30 years. What is an open end credit account? Open-end credit refers to any type of loan where you can make repeated withdrawals and repayments. Examples include credit cards, home equity loans,