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mortgage

mortgage

526 5.4
A loan to buy a house where the bank can take the home if you do not pay
  • noun
  • /ˈmɔrɡɪdʒ/
  • Specialized
translation icon : hipoteca
  • I paid off the mortgage on this house while living in a studio apartment in Brooklyn.
  • home mortgage
  • mortgage payments
  • mortgage loan

Should I pay off my mortgage early or invest?

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Examples

  • After years of saving, they finally secured a mortgage to buy their first home.

  • Burt, why don't you take out a mortgage on your house?

  • Yeah, my, my mortgage is coming to an end.

  • Then you end up seeing real estate mortgage rates also pop up.

  • I mean, you could, you could pay off half the mortgage with just that cash.

  • We got a house, a mortgage, two kids!

  • Should I pay off my mortgage early or invest?

  • Realistically speaking, neither one of you can afford this mortgage on your own, okay?

  • Kay had maxed out her credit cards and was falling behind in her mortgage payments.

    Fiction book (1996)
  • The bank offered him a favorable interest rate on his mortgage for the new apartment.

Synonyms

home loan
vsmortgage
16 2.6

Money you borrow to buy a house that the bank can take if you do not pay

is the legal agreement that gives title until the debt is fully paid
mortgage loan
vsmortgage
  • Specialized
8 3.2

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

is the legal agreement that transfers property title as loan security
real estate loan
vsmortgage
4 3.3

Money you borrow to buy or build property that the bank can take if you do not pay

is the specific legal agreement creating title transfer as security for debt
first mortgage
vsmortgage
  • Specialized
2 5.1

A loan on a house that must be paid before other loans if the owner cannot pay

is the general title exchange for a loan without implying priority
mtg
vsmortgage
  • Jargon
9.6

A loan to buy a house where the house is used as security

is the full legal agreement transferring title to a creditor until debt is repaid

Compounds

second mortgage
  • Specialized
15 4.9

An extra loan on a house that already has a mortgage

11 7.2

An investment made from many home loans that pays interest and loan repayments to investors sometimes backed by the government

mortgage loan
  • Specialized
8 3.2

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

A bank or company that legally owns a home loan and gets the payments

first mortgage
  • Specialized
2 5.1

A loan on a house that must be paid before other loans if the owner cannot pay

1 3.5

A written request to a bank for a loan to buy a house

A US company backed by the government that buys home loans to help banks lend more

A loan in which the lender can take your property, like a car or machine, if you do not repay

anaconda mortgage
  • Literature
9.9

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

A US company created by the government that buys and guarantees home loans to help the mortgage market

A home loan made after a person gives false details to qualify

mortgage deed
  • Formal
7.1

A document that says a bank can take your property if you do not pay back a loan

How Restrictive

seizure
  • Formal
71 6.1
lien
  • Specialized
30 9.4
mortgage
  • Specialized
526 5.4
encumbrance
  • Formal
1 8.9
restriction
340 3.0
easement
  • Specialized
9 9.5

Surface Forms

mortgage singular
mortgages plural

Etymology

Mortgage comes from old French words meaning 'dead' (mort) and 'pledge' (gage), and the 'mort' part is the same root as in mortal. A 'dead pledge' was a promise that 'dies' when the debt is paid, which is why a mortgage is a loan tied to property that ends when you pay it back.