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mortgage payment

 

Definitions from the Web

Mortgage Payment

Definition:

A mortgage payment refers to the regular payment made by a borrower to a lender to repay a loan that is used to finance the purchase of a property. It typically consists of principal, interest, taxes, and insurance.

Examples:

  • Noun: John struggles to make his mortgage payment every month.
  • Verb: Jane plans to mortgage payment her new house over 30 years.

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