first mortgage


The mortgage that has first claim in the event of a default.

Use first mortgage in a sentence

You should always try and shop around to make sure you get the best rate you can on your first mortgage.

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Our first mortgage was very high and I hoped that it would not remain that way forever, because that would not be good.

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You have had your first mortgage with us for several years now and we would like to offer you a much lower interest rate to refinance.

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Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
homeowner's equity account underlying mortgage