Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Partial Payment Partial Payment November 9, 2021 A loan payment that is not great enough to cover the scheduled monthly payment on a mortgage.You Might Also Like: Family MattersPreparing Financially for a Baby Everyday MoneyBudget Friendly Ideas for Thanksgiving Everyday MoneySenior Discounts and Savings Everyday MoneyStarting an Emergency Savings Account Living QuartersQuestions to Ask Your Home Inspector