mortgage debt

Definition

A debt created by a mortgage and secured by the mortgaged property.

Use mortgage debt in a sentence

They had a lot of mortgage debt and that was not very good to watch because it was sad and really hard to watch.

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You should always be trying to pay your mortgage debt off as quick as you can so that yo can borrow again next time.

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John and Tina really wanted a house, but were not sure they wanted the mortgage debt that went along with owning a house.

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