HomeSite MapCompareFinanceDebtCasino Late paymentThe mortgage definition for Late payment:A payment a lender receives after the due date has passed. Similar MatchesAdditional principal paymentAdditional principal paymentExtra money included in the monthly payment to help reduce the principal and shorten the term of the loan. Annualised payment schemeAnnualised payment schemeAlthough the borrower pays interest at a variable rate, which can change from month to month, the lender charges a set amount of interest each month and then adjusts the balance at the end of the year. Balloon paymentBalloon paymentThe final lump sum payment due at the end of a balloon mortgage. Further SuggestionsEarly repayment periodMonthly repayment Mortgage payment protection insurance (MPPI) Overpayment Payment default Payment holiday Payment of balance Click to compare definitions of Late payment Click to view definitions beginning la |