What is the term length for Bobby-Sue's mortgage?

The term length for a mortgage refers to the duration that the borrower agrees to the specific terms of the mortgage loan, including the interest rate and conditions for that time period. In Bobby-Sue's case, selecting a 10-year term indicates she is opting for a mortgage agreement that will last a decade. This choice typically represents a balance between shorter terms, which may have higher monthly payments but lower total interest costs, and longer terms, which spread the payments over more years but can lead to paying more interest over the life of the loan. The 10-year term is often favored by borrowers looking for stability in their monthly payments while still being able to benefit from potentially favorable interest rates. This suggests a strategy that aligns with hers, considering her financial situation and market conditions at the time of borrowing.