Scheduled mortgage payment
Definition
The amount the borrower is obliged to pay each period, including interest, principal, and mortgage insurance, under the terms of the mortgage contract. Paying less than the scheduled amount results in delinquency.
Related Terms Other terms related to 'Scheduled mortgage payment' starting with the letter 'S' Stated assets, Secondary markets, Sub prime lender, Sub prime borrower, Single file mortgage insurance Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 