anaconda mortgage

9.9

A very large home loan that leaves little money for other needs

noun

Literature

: hipoteca anaconda

Many homeowners struggle under an anaconda mortgage that leaves little room for other expenses.

Examples

Taking out an anaconda mortgage can be risky if your income is unstable.
Many homeowners feel trapped by their anaconda mortgage.
After refinancing, they hoped to escape their anaconda mortgage and regain financial freedom.
An anaconda mortgage can limit your ability to save money.
Many homeowners struggle under an anaconda mortgage that leaves little room for other expenses.
After refinancing, they hoped to escape their anaconda mortgage and regain financial freedom.
Taking out an anaconda mortgage can be risky if your income is unstable.

Synonyms

mortgage

vsanaconda mortgage

Specialized

526 5.4

A loan to buy a house where the bank can take the home if you do not pay

is a much heavier, constricting debt that reduces budget flexibility greatly

mortgage loan

vsanaconda mortgage

Specialized

8 3.2

A loan to buy a house or other property that you pay back over time

is an especially large and restrictive debt that severely limits financial freedom

Surface Forms

anaconda mortgage singular

anaconda mortgages plural

Morphology

anaconda + mortgage

The phrase maps a well-known property of anacondas (constricting, squeezing) onto 'mortgage', so a learner who knows both words can plausibly infer a burdensome, constricting loan. Because the relation is metaphorical rather than strictly compositional and may require knowledge of the snake’s behavior, it is not fully transparent but is partly inferable.

Etymology

Anaconda mortgage comes from the image of an anaconda snake wrapping tightly around its prey and the word mortgage for a home loan. So it means a very large loan that 'squeezes' your money and 'limits what you can do' with your finances.