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… Istehqaq اِستحقاق Meaning in English – Find the correct meaning of Istehqaq in English, it is important to understand the word properly when we translate it from Urdu to English. There are always several meanings of each word in English, the correct meaning of Istehqaq in English is Prerogative, and in Urdu we write it اِستحقاق.
mortgage definition: 1. an agreement that allows you to borrow money from a bank or similar organization, especially in…. Learn more.
Mortgage definition in urdu. A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments. Borrowers are still responsible for property taxes and homeowner's insurance.Reverse mortgages allow elders to access the home. Amortization is an accounting technique used to periodically lower the book value of a loan or intangible asset over a set period of time. Definition of mortgage: A legal agreement that conveys the conditional right of ownership on an asset or property by its owner (the mortgagor) to a lender (the mortgagee) as security for a loan. The lender's security.
In legal terms, a mortgage is "the pledging of property to a creditor as security for the payment of a debt" [source: YourDictionary.com].In plain English, a mortgage is a loan. For many people, it's the biggest loan they will ever borrow. With a regular loan, there's no explicit collateral. Mortgage definition is – a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms. How to use mortgage in a sentence. A reverse mortgage, also known as the home equity conversion mortgage (HECM) in the United States, is a financial product for homeowners 62 or older who have accumulated home equity and want to use it to supplement retirement income. Unlike a conventional forward mortgage, there are no monthly mortgage payments to make. Borrowers are still responsible for paying taxes and insurance on the.
The page not only provides Urdu meaning of Mortgage Holder but also gives extensive definition in English language. The definition of Mortgage Holder is followed by practically usable example sentences which allow you to construct your own sentences based on it. You can also find multiple synonyms or similar words of Mortgage Holder. Definition of mortgage free in the Definitions.net dictionary. Meaning of mortgage free. What does mortgage free mean? Information and translations of mortgage free in the most comprehensive dictionary definitions resource on the web. Define mortgagor. mortgagor synonyms, mortgagor pronunciation, mortgagor translation, English dictionary definition of mortgagor. also mort·gag·er n. One that mortgages property, usually the nominal owner entitled to use of the property.
Annotation definition is – a note added by way of comment or explanation. How to use annotation in a sentence. The page not only provides Urdu meaning of Mortgage but also gives extensive definition in English language. The definition of Mortgage is followed by practically usable example sentences which allow you to construct your own sentences based on it. You can also find multiple synonyms or similar words of Mortgage. Mortgage Meaning in Urdu. Mortgage Meaning in Urdu – In the age of digital communication, any person should learn and understand multiple languages for better communication. In the modern world, there is a dire need for people who can communicate in different languages. However, a person feels better to communicate if he/she has sufficient.
An outstanding loan is the portion of a loan that has yet to be repaid. Creditors sometimes use the term "outstanding balance" to describe the part of a loan that still needs to be repaid. 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 An FHA mortgage is a fixed-rate mortgage that’s insured by the Federal Housing Administration (FHA). An FHA loan is still issued through a bank or lender and may come in a 15- and 30-year term. An FHA loan is still issued through a bank or lender and may come in a 15- and 30-year term.
English Mortgage Meaning in Urdu. English Mortgage Meaning in Urdu – In the age of digital communication, it is better for any person to learn and understand multiple languages for the better communication. In the modern world, there is a dire need of people who can communicate in different languages. Mortgage. Also referred to as a mortgage loan, is used by purchasers of real property to raise capital for the purchase, or by existing owners to raise funds for any purpose while putting a lien on the property being mortgaged. The loan is secured on the borrower’s property, putting in place a legal mechanism which will enable the lender to. 3-2-1 Buy-Down Mortgage Definition. A 3-2-1 buy-down mortgage allows the borrower to lower the interest rate over the first three years through an up-front payment. more. Prepaid Interest.
Mortgagee definition, a person to whom property is mortgaged. See more. Conveyance definition, the act of conveying; transmission; communication. See more. Definition of 'Subordination of Mortgage' A Subordination of Mortgage is a document signed when there are two mortgages on a property and one (the first one) is subordinated to the other (the second one). What does Subordination of Lease mean: Mortgage subordination is common when a property owner wants to refinance the first mortgage.
English to English and Urdu Dictionary. Dictionary is a comparatively huge volume book that contains millions of words of a language with meanings. Moreover, it provides full details about the word origin, meanings, synonymous, similar word and some time word used in sentence to clear the meaning to reader.