问个Mortgage的菜鸟问题，见内：

[ChinaFarmer]

25年的Amortization period，5年的Fixed Rate。5年Term到期后，银行一般让志愿Pay清吗？

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Amortization period
This is the length of time it will take you to pay off the mortgage, assuming that your interest rate remains the same and that you make your payments on time. It is not unusual for homeowners to have an amortization period as long as 25 years. However, the shorter the amortization period, the faster you can pay off your mortgage, and the less interest you will pay.

Term
This is the length of time over which the financial institution commits to lending you the money for the house purchase. It is usually a shorter period of time than the amortization period. A typical term for a mortgage is five years, although the length can vary.

Renewal
At the end of the term, the financial institution will decide whether to continue the loan or ask you to pay it off. If you are a reliable client, the financial institution will offer to renew the loan and you will have to renegotiate your mortgage for the next term.

 

[jmm]

at the end of term is fully open, you could pay off or as much as possible if you have enough fund!