mortgage payments
nounUK /ˈmɔː.ɡɪdʒ ˈpeɪ.mənts/
US /ˈmɔːr.ɡɪdʒ ˈpeɪ.mənts/
Money you pay every month to own your home.
My parents make mortgage payments on the first day of each month.
OTHER MEANINGS
2. Regular sums paid to a lender to repay money borrowed to buy property.
Their mortgage payments went up after the interest rate changed.
3. The scheduled amounts a borrower must pay under a mortgage agreement.
Missing mortgage payments can lead to serious problems.
4. Monthly costs of owning a home that is still being paid off.
They budget carefully to cover mortgage payments and bills.