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  1. Dictionary
    mortgage
    /ˈmɔːɡɪdʒ/

    noun

    • 1. a legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt: "I put down a hundred thousand in cash and took out a mortgage for the rest"

    verb

    • 1. convey (a property) to a creditor as security on a loan: "the estate was mortgaged up to the hilt"

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  2. www.investopedia.com › terms › mWhat Is a Mortgage? Types, How They Work, and Examples - ...

    Jun 12, 2024 · A mortgage is a loan used to purchase or maintain a home, plot of land, or other real estate. The borrower agrees to pay the lender over time, typically in a series of...

  3. dictionary.cambridge.org › dictionary › englishMORTGAGE | English meaning - Cambridge Dictionary

    an agreement that allows you to borrow money from a bank or similar organization, especially in order to buy a house, or the amount of money itself: They took out a £400,000 mortgage (= they borrowed £400,000) to buy the house. a monthly mortgage payment. Fewer examples.

  4. www.merriam-webster.com › dictionary › mortgageMortgage Definition & Meaning - Merriam-Webster

    The meaning of MORTGAGE is a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms. How to use mortgage in a sentence.

  5. www.rocketmortgage.com › learn › what-is-a-mortgageWhat Is A Mortgage And How Do I Get One? | Rocket Mortgage

    A mortgage is a loan from a lender that gives borrowers the money they need to buy or refinance a home. The borrower agrees to pay back the lender with monthly mortgage payments that include principal, interest and other fees. Mortgages are secured loans, and secured loans are backed by collateral.

  6. www.nerdwallet.com › article › mortgagesWhat Is a Mortgage? Payments, Types and Terminology

    Oct 25, 2023 · A mortgage is a loan used to buy a home. The property is collateral for the loan, which is paid off after a set number of years.

  7. en.wikipedia.org › wiki › MortgageMortgage - Wikipedia

    A mortgage loan or simply mortgage ( / ˈmɔːrɡɪdʒ / ), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.

  8. www.investopedia.com › terms › hWhat Is a Home Mortgage? Definition, Qualification, and Types

    May 16, 2023 · A home mortgage is a loan given by a bank, mortgage company, or other financial institution for the purchase of a residence. A home mortgage will have either a fixed...

  9. www.forbes.com › advisor › mortgagesWhat Is A Mortgage? – Forbes Advisor

    Aug 18, 2022 · A mortgage is a type of loan that is secured by real estate. When you get a mortgage, your lender takes a lien against your property, meaning that they can take the property if you...

  10. www.zillow.com › learn › what-is-a-mortgageWhat Is a Mortgage? Your Guide to Real Estate Financing | Zillow

    Sep 11, 2023 · A mortgage is a loan you take out on a piece of land or real estate when you don’t have all the cash-on hand to buy, improve or maintain it on your own.

  11. www.investopedia.com › mortgage-4689703Mortgage Types and How Each One Works - Investopedia

    Mortgage. Mortgages are an essential part of the homebuying process for most borrowers who aren’t sitting on hundreds of thousands of dollars of cash to buy a property outright. There are...