mortgagenoun [ C ]
uk/ˈmɔː.ɡɪdʒ/us/ˈmɔːr.ɡɪdʒ/an agreement that allows you to borrow money from a bank or similar organization, especially in order to buy a house, or the amount of money itself:
They took out a £40o,000 mortgage (= they borrowed £40o,000) to buy the house.
a monthly mortgage payment
More examples
- People who default on their mortgage repayments may have their home repossessed.
- Having a big mortgage is a real drain on your earnings.
- After falling behind with his mortgage repayments he now faces eviction from his home.
- She got behind with her mortgage and the house was repossessed.
- They were forced to give up their home because they couldn't pay the mortgage.
Thesaurus: synonyms and related words
Mortgages & real estate
- brick
- chain
- endowment policy
- estate agency
- Fannie Mae
- Freddie Mac
- freeholder
- holding
- home buyer
- housebuyer
- landholding
- leaseholder
- lessee
- negative equity
- open house
- owner-occupied
- rateable value
- real estate agent
- repayment
- title deed
See more results »
mortgageverb [ T ]
uk/ˈmɔː.ɡɪdʒ/us/ˈmɔːr.ɡɪdʒ/to borrow money to buy a house:
Their home was mortgaged up to the hilt (= the full value of their home had been borrowed).
Thesaurus: synonyms and related words
Mortgages & real estate
- brick
- chain
- endowment policy
- estate agency
- Fannie Mae
- Freddie Mac
- freeholder
- holding
- home buyer
- housebuyer
- landholding
- leaseholder
- lessee
- negative equity
- open house
- owner-occupied
- rateable value
- real estate agent
- repayment
- title deed
See more results »