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- Hyphenation: mort‧gage
Audio (US) (file)
- (countable) A mortgage is a loan for the purpose of paying for a house, apartment, building, etc.
- For five-year adjustable-rate mortgages, interest rates rose to 5.58 percent.
- They can't refinance because the mortgage is higher than the real value of their home.
- Unlike traditional 30-year fixed mortgages, these loans are often adjustable.
- Credit card, auto loan, and mortgage lenders, along with bankers, are being much more careful about their borrowers.
- By November she had missed two of the monthly mortgage payments on the three-bedroom home.
- (transitive) If you mortgage your home, you borrow money and promise to give up your home if you can't pay back the money.
- Henderson's parents mortgaged their house in Cuthbert to buy a piano for the front parlor.
- (transitive) If you mortgage your future, you enjoy something now even though it will cause problems in the future.
- We're mortgaging our children's future instead of investing in it.