mortgage constant

Definition

A figure comparing an amortizing mortgage payment to the outstanding mortgage balance.

Use mortgage constant in a sentence

You may want to shop around and look for the best mortgage constant you can get before you agree to one.

​ Was this Helpful? YES  NO 10 people found this helpful.

The bank needed to review the mortgage constant's to determine what the ammortizing payment was like in comparison to their total balance.

​ Was this Helpful? YES  NO 5 people found this helpful.

We ran the figures regarding the mortgage constant and they fell right in line with our expectations, so no changes needed to be made in our budgeting.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Related Terms

Mentioned in these terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
mortgage company loan constant