Define Mortgage Loan Mortgage

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Posted on September 16, 2018 at 12:54 PM

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Mortgage financial definition of mortgage
Mortgage. A mortgage, or more precisely a mortgage loan, is a long-term loan used to finance the purchase of real estate. As the borrower, or mortgager, you repay the lender, or mortgagee, the loan principal plus interest, gradually building your equity in the property.
Mortgage definition and meaning | Collins English Dictionary
Mortgage definition: A mortgage is a loan of money which you get from a bank or building society in order to... | Meaning, pronunciation, translations and examples. ... A mortgage is a loan of money which you get from a bank in order to buy a house. We go to work each day to pay the mortgage.
Home Mortgage - Investopedia
A loan given by a bank, mortgage company or other financial institution for the purchase of a primary or investment residence. In a home mortgage, the owner of the property (the borrower ...

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