A mortgage payment is the monthly sum repaid on a loan against a house. Miss a mortgage payment, the mortgage payment went up.
Early on, most of it is interest and very little is the loan itself, which surprises people. Missing a mortgage payment is far more serious than missing most other bills.
1nounmortgage paymentThe monthly sum repaid on a loan against a house.
“The mortgage payment rose by two hundred pounds in a single year.”
mortgage payment is a payment.
Practised in Bank & Post Office