mortgage Definition

mortgage

Definition

A loan to finance the purchase of real estate, usually with specified payment periods and interest rates. The borrower (mortgagor) gives the lender (mortgagee) a lien on the property as collateral for the loan.

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mortgage is ...
... part of the Lending & Credit and Real Estate subjects.

... an essential investing term.

Related Terms

assumable mortgage - More

chattel mortgage -

closed-end mortgage - More

conventional mortgage, first mortgage, general mortgage, government mortgage, growing equity mortgage, high-ratio mortgage, insured mortgage, joint mortgage, junior mortgage, long-term mortgage and

mortgage appears in these other terms

Federal Home Loan Mortgage Corporation, Real Estate Mortgage Investment Conduit, assignment of mortgage, Private Mortgage Insurance, Home Equity Conversion Mortgage, mortgage pass-through security, mortgage-backed securities, mortgage rate, purchase-money mortgage, reverse-annuity mortgage and

mortgage appears in the definitions of these other terms on BusinessDictionary.com

mortgage backed passthrough security, assumption of mortgage, mortgage derivative, blended mortgage, buy and sell agreement, and