mortgage loan
8
3.2
- noun
- /ˈmɔːrɡɪdʒ loʊn/
- Specialized
:
préstamo hipotecario
- Many families rely on a mortgage loan to buy their first home, allowing them to pay over time.
- home mortgage loan
- mortgage loan application
- get a mortgage loan
The problem was mortgage loans that went into default.
- The problem was mortgage loans that went into default.
- A mortgage or a mortgage loan is used by home buyers to purchase the to purchase homes.
Examples
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The government took over Fannie Mae and Freddie Mac and had them continue issuing mortgage loans and, more importantly, continue refinancing existing loans.
Academic text (2016) -
Simon notes that information passed on to mortgage loan servicers often is incorrect.
Academic text (2004) -
The Internet is one of the best sources where you can find a home mortgage loan easily.
Blog text (26) -
The problem was mortgage loans that went into default.
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In some cases, closing costs can be rolled into the balance of the mortgage loan.
Blog text (16) -
You need to know what's on your credit report prior to applying for a mortgage loan.
Blog text (28) -
Between 2000 and 2003, the number of mortgage loans made each year nearly quadrupled.
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The Enterprises support the secondary mortgage market by purchasing residential mortgage loans from lenders.
Blog text (24) -
Basically, the FHA insures long-term mortgage loans made by private lenders for the construction and sale of new homes.
Academic text (1993) -
In 2010, the FHA guaranteed about $319 billion in new mortgage loans, which represents about 17 percent of single-family mortgages.
Academic text (2016)
Synonyms
∞
2.0
An amount of money borrowed from a bank that must be paid back with interest
526
5.4
A loan to buy a house where the bank can take the home if you do not pay
16
2.6
Money you borrow to buy a house that the bank can take if you do not pay
4
3.3
Money you borrow to buy or build property that the bank can take if you do not pay
A loan to buy a house where the house is used as security
How Secure
Surface Forms
Morphology
The phrase is directly and transparently built from its constituents: 'mortgage' denotes a loan secured by property and 'loan' denotes borrowed money, so a 'mortgage loan' is immediately understood as a loan secured by real estate. This compositional logic is common across languages and follows standard financial noun-noun compounding, so a B1 learner who knows both words can reliably infer the meaning.
Etymology
Mortgage loan may come from old words meaning 'dead pledge'—a promise that is 'dead' until it is paid. Think of giving your house as a promise to a lender: the house is held until the loan is paid, so a mortgage loan today means a loan tied to a property.