an agreement under which a person borrows money to buy property, esp a house, and the lender may take possession of the property if the borrower fails to repay the money
2.
the deed effecting such an agreement
3.
the loan obtained under such an agreement
a mortgage of £350 000
4.
a regular payment of money borrowed under such an agreement
a mortgage of £750 per month
verb(transitive)
5.
to pledge (a house or other property) as security for the repayment of a loan
adjective
6.
of or relating to a mortgage
a mortgage payment
Derived forms
mortgageable (ˈmortgageable)
adjective
Word origin
C14: from Old French, literally: dead pledge, from mort dead + gage security, gage1
Examples of 'home loan' in a sentence
home loan
Here''s what you need to know when you apply for a home loan.
Times, Sunday Times (2012)
For one thing, banks are raising the cost of some home loan deals.
Times, Sunday Times (2016)
By 1980 about 600,000 people had a local authority home loan.
Times, Sunday Times (2008)
Indeed, financial advisers expect home loan rates to rise next week.
Times, Sunday Times (2008)
This will be crucial when you come to apply for a home loan.
Times, Sunday Times (2012)
It carries a 0.5% fee - 5,000 on a 1m home loan.
Times, Sunday Times (2008)
So is this a good time to get a home loan or not?
Times, Sunday Times (2014)
A generation ago the average age to settle a home loan was just 51.
The Sun (2013)
Rejected for a home loan for a ridiculous reason?
Times, Sunday Times (2009)
The interest on her savings is being used to overpay the home loan.