Mortgage Loan Definition Is

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Posted on September 19, 2018 at 16:48 PM

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Mortgage financial definition of mortgage
Mortgage. A mortgage, or more precisely a mortgage loan, is a long-term loan used to finance the purchase of real estate. As the borrower, or mortgager, you repay the lender, or mortgagee, the loan principal plus interest, gradually building your equity in the property.
Mortgage | Define Mortgage at Dictionary.com
Mortgage definition, a conveyance of an interest in property as security for the repayment of money borrowed. See more. ... the loan obtained under such an agreement a mortgage of £48 000; a regular payment of money borrowed under such an agreement a mortgage of £247 per month; Show More. verb (tr) to pledge (a house or other property) as ...
Mortgage Loan | Definition of Mortgage Loan by Merriam-Webster
: a loan secured by a mortgage on real property Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

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