What Is A Mortgage Payment

Dated: 03/23/2016

Views: 1334

Image title

What Is a Mortgage Payment? Kingman Real Estate

When purchasing a home in Kingman, unless you are like the lucky few who purchase a home in Kingman with cash, chances are that you will have a mortgage payment. 

A mortgage payment is "the charging of real (or personal) property by a debtor to a creditor as security for a debt (especially one incurred by the purchase of the property), on the condition that it shall be returned on payment of the debt within a certain period." 

In old English times, this Latin word literally meant "death pledge." 

For first time home buyers (and even some current home owners), the question arises... what makes up a mortgage payment? 

The chart below does a great job at the breakdown of what goes into a mortgage payment. It is important to keep in mind that this is merely just a general break down. Different factors such as purchase price, down payment, interest, taxes can change the monthly payment. 

Are you curious to see what your monthly payment would be for your dream home in Kingman? Give me a call!  

Get pre-qualified in 15 minutes! Give me a call and find out how!

Kristina Trahan




The Queen Team- Keller Williams Arizona Living Realty

What's in a Mortgage Payment Chart: http://goo.gl/uB6ngh

"Mortgage" Definition: https://goo.gl/v5ZQny

Want to Advertise on this Site?

Latest Blog Posts

Explaining The DISC Personality Test

People are different, but they are different in predictable ways. The DISC test is a wonderful tool to help look at some of the different personality traits people have. Watch the video below to

Read More

The DISC Personality Test And What Drives You

Who doesn't like to learn about themselves? If you're the kind of person who obsesses over taking personality tests, then you should take a minute to take the DISC Personality Test and Values Index.

Read More

Read Books Like Bill Gates

We've all been told that reading is important if you want to be successful, but how do successful people read? Bill Gates takes a moment to talk about how he reads books and gives us some incite on

Read More

TEDx Talk Build The Brain You Want

We would all like to have better, smarter, more effective brains. In this TEDx talk, Lara Boyd goes over some of the common myths about how our brains learn and how we can be working to expand

Read More