Mortgage Payment

Mortgage Payment

The payment of principal and interest made by the borrower.

References in periodicals archive ?
We realize that understanding your monthly mortgage payment can be complicated, especially for first-time homebuyers," said Eric Hamilton, President of Vanderbilt Mortgage and Finance, Inc.
But it insists it is always best to speak out before you miss a mortgage payment, rather than waiting for the situation to go wrong.
AndyGray, head of mortgages at Barclays, said: With the cheapest ever mortgage deals offered to homeowners last year together with the fiercely competitive mortgage market, it stands to reason that the average monthly mortgage payment was at its most affordable level in Huddersfield since 2005.
Andy Gray, head of mortgages at Barclays, said: "With the cheapest ever mortgage deals offered to homeowners last year together with the fiercely competitive mortgage market it stands to reason that the average monthly mortgage payment was at its most affordable level in Coventry since 2005.
Byline: A mortgage payment protection insurance (MPPI) covers a person's ability to pay even in times of financial crisis.
Watson said: "Mortgage payment protection schemes offer shot-term coverage of mortgage payments when a home owner is unexpectedly out of employment or requires assistance due to sudden illness or an unfortunate accident.
The current mortgage payment has adjusted to more than you can afford.
The concept is fairly simple: If a homeowner is spending less money on their utility bills, they will have more money available to spend on their mortgage payment.
AVERAGE charges for mortgage payment protection policies at the top 10 lenders are higher than rivals.
Orem -- NEIGHBORHOOD GOLD, a national provider of down payment assistance for homebuyers, has introduced a mortgage Payment Protection Plan as part of its national down payment assistance program.
Radian selects eligible homeowners for enrollment in the program and a reward account is then established in their name that grows with each on-time mortgage payment, up to a maximum amount.
Renters can expect to spend 30 percent of their income on rent, while buyers can expect to spend 15 percent of their monthly income on a monthly mortgage payment.