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| 8. What is The Term Of My Mortgage?
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| Your mortgage must be
repaid over a maximum term of 30 years. You can
however repay your loan earlier if you wish simple
electing to make a higher repayment, or by making
lump sum payments. The term is subject to you
maintaining your prescribed minimum repayment
schedule and failure to do so will constitute
default under the mortgage. In the event of
default, your loan can become repayable at the
Trustee¡¯s
request. | |
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