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- Dictionarymortgage/ˈmɔːɡɪdʒ/
noun
- 1. a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt: "I put down a hundred thousand in cash and took out a mortgage for the rest"
verb
- 1. convey (a property) to a creditor as security on a loan: "the estate was mortgaged up to the hilt"
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Jul 19, 2024 · A mortgage is a loan used to buy or maintain real estate, with the property as collateral. Learn about different types of mortgages, such as fixed-rate, adjustable-rate, and reverse mortgages, and how they work.
- Julia Kagan
- 2 min
May 16, 2023 · A home mortgage is a loan for the purchase of a residence, secured by the property itself. Learn about the different types of mortgages, how they work, and what costs are involved.
- Julia Kagan
- 1 min
Learn the noun and verb meanings of mortgage, a legal term for a transfer of property rights as security for a loan. See synonyms, examples, word history, and related phrases and articles.
Learn the meaning of mortgage as a noun and a verb in English, with examples of usage and pronunciation. Find out how to use mortgage in different contexts, such as finance, property, and business.
Mar 11, 2024 · A mortgage is a loan from a lender that gives borrowers the money they need to buy or refinance a home. The borrower agrees to pay back the lender with monthly mortgage payments that include principal, interest and other fees. Mortgages are secured loans, and secured loans are backed by collateral.
- A simple definition of a mortgage is a type of loan you can use to buy or refinance a home. Mortgages are also referred to as “mortgage loans.” Mor...
- Most people who buy a home do so with a mortgage. A mortgage is a necessity if you can’t pay the full cost of a home out of pocket.
- Mortgages are “secured” loans. With a secured loan, the borrower promises collateral to the lender in the event that they stop making payments. In...
- When you get a mortgage, your lender gives you a set amount of money to buy the home. You agree to pay back your loan – with interest – over a peri...
Oct 25, 2023 · A mortgage is a loan used to buy a home, with interest and monthly payments. Learn about different mortgage types, such as fixed-rate, adjustable-rate, conventional, FHA, VA, USDA and jumbo loans.
A mortgage is a loan secured by real property, usually used to buy or refinance a home. Learn about the basic concepts, legal regulation, and different types of mortgages in this comprehensive article.
