Define Mortgage Loan Mortgage

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Posted on January 22, 2019 at 01:14 AM

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Mortgage | Define Mortgage at
A legal agreement that creates an interest in real estate between a borrower and a lender. Commonly used to purchase homes, mortgages specify the terms by which the purchaser borrows from the lender (usually a bank or a savings and loan association), using his or her title to the house as security for the unpaid balance of the loan.
Mortgage - definition of mortgage by The Free Dictionary
Define mortgage. mortgage synonyms, mortgage pronunciation, mortgage translation, English dictionary definition of mortgage. n. 1. A loan for the purchase of real property, secured by a lien on the property. 2. The document specifying the terms and conditions of the repayment of...
Mortgage Terms - Define Mortgage Industry Terms for Home ...
HOME FINANCING GLOSSARY Some definitions and lingo you might want to know.

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