See Also: mortgage 1, noun(dictionary)
Second Mortgage(money)
First mortgage(finance)
Mortgage(money)
Second mortgage(finance)
Mortgage Value(money)
Mortgage(law)
First mortgage(money)
Best mortgage(finance)
mortgage(dictionary)

mortgage 1, noun (oh)



[Date: 1300-1400; Language: Old French; Origin: mort 'dead' + gage 'promise']
a legal arrangement by which you borrow money from a bank or similar organization in order to buy a house, and pay back the money over a period of years
::Your building society or bank will help arrange a mortgage.
::They've taken out a 30 year mortgage (=they will pay for their house over a period of 30 years) .
::We decided to use Fred's redundancy money to pay off the mortgage (=pay back all the money we borrowed for a mortgage) .
:: Mortgage rates are set to rise again in the spring.
::She was having trouble meeting her mortgage payments .
the amount of money you borrow in the form of a mortgage
::If you earn ¡ê20,000 per year, then you may be able to get a mortgage of ¡ê60,000.