Mortgage Payment | Mortgage Glossary

Definition of "Mortgage Payment"

Monica Johnson &
David Raglin
Johnson Raglin Real Estate Group

Keller Williams Realty

The payment of principal and interest made by the borrower.

(1) Bottom of something used as support. (2) Most essential element. (3) Type of interest rate used ...

(1) Licensed broker employed to represent and match both buyers and sellers. Usually employs several ...

Rate applied to risks with similar characteristics or to a specified class of risk. ...

Coverage against hail damage to crops. Coverage is on a proportionate basis; that is, in the event o ...

Technique of risk management. It ensures that an individual or business does not incur any liability ...

A fee estate limited by the happening of a certain event. ...

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

A term is the length of a loan. ...

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

A credit report is a report of all your debt information compiled by an independent agency. The cred ...

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

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