#mortgage-payments

#mortgage-payments

I fully expected when we decided to divorce that the house would be half his, even though the deeds were in my name. I had bought it before we met so it was my mortgage, and he would never have been in a financial position to purchase property at any point,

Monthly payments for new and existing homes are now nearly equal, amid a trend of stagnating prices and increased use of mortgage buydowns among builders. That was one of the main findings from Realtor.com's Q3 New Construction Report. According to the report, buyers purchasing a new home last quarter had an average mortgage payment only about $30 more per month than those buying an existing home with less money down.

Once you buy a home, you expect your mortgage payment to stay steady, especially if you have a fixed-rate loan. But for many homeowners, the amount due each month can creep up over time, leaving you asking: "Why did my mortgage payment go up?" Whether you're paying off a home in Denver, CO or managing your home in Orlando, FL , this Redfin article explains the most common reasons mortgage payments rise, plus steps you can take to lower them.