Mortgage definition, a conveyance of an interest in real property as security for the repayment of money borrowed to buy the property; a lien or claim on property such that the lender can take possession if the loan is not repaid. See more. Free definition, enjoying personal rights or liberty, as a person who is not in slavery: a land of free people. See more.
With Reverso you can find the English translation, definition or synonym for mortgage and thousands of other words. You can complete the translation of mortgage given by the English-French Collins dictionary with other dictionaries such as: Wikipedia, Lexilogos, Larousse dictionary, Le Robert, Oxford, Grévisse
Mortgage meaning free dictionary. Related Tags for Mortgage: Telugu Meaning of Mortgage, Mortgage Meaning in Telugu, Download PDF Telugu Dictionary Meanings, Online English to Telugu Dictionary, Free Telugu Dictionary, Telugu Dictionary Online, Download, Telugu Dictionary Software, Telugu Meanings mortgage market definition: 1. the business of lending money to buy houses and other property 2. the business of buying and…. Learn more. This is a reasonable argument if outside factors are considered to determine influences on the creditor to accept a lesser amount than the face value of the seller-financed mortgage debt.The Court of Federal Claims rejected this decision, determining that it was diametrically opposed to the reasoning in Franklin, and concluded that when economic substance was lacking from a transaction, debt.
MORTGAGE, contracts, conveyancing. Mortgages are of several kinds: as the concern the kind of property, mortgaged, they are mortgages of lands, tenements, and, hereditaments, or of goods and chattels; as they affect the title of the thing mortgaged, they are legal and equitable. Definition: A mortgage is loan where the lender is protected from default by the borrower’s collateral identified in the mortgage agreement. In other words, it’s a loan where the lender has the right to force a sale of the collateral and collect the proceeds if the borrower is unable to meet the loan payments. What Does Mortgage Mean? Get the Mortgage legal definition, cases associated with Mortgage, and legal term concepts defined by real attorneys. Mortgage explained.
mort·gage (môr′gĭj) 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 such a loan. 3. The repayment obligation associated with such a loan: a family who cannot afford their mortgage. 4. The right to payment associated with such a loan: a bank. Looking for online definition of mortgage or what mortgage stands for? mortgage is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary 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.
Mortgage broker definition: a person or company that provides mortgages to people on behalf of lenders | Meaning, pronunciation, translations and examples The dictionary was created to serve as financial education tool, helping anybody interested in learning about finance, money, and investing. The Financial Dictionary consists of definitions of the most popular and commonly used financial terms like loan, mortgage, financing, credit, credit card, bank, and more. Mortgage application definition: An application for something such as a job or membership of an organization is a formal… | Meaning, pronunciation, translations and examples
The mortgage note, in which the borrower promises to repay the debt, sets out the terms of the transaction: the amount of the debt, the mortgage due date, the rate of interest, the amount of monthly payments, whether the lender requires monthly payments to build a tax and insurance reserve, whether the loan may be repaid with larger or more. 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. 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: 1 n a conditional conveyance of property as security for the repayment of a loan Types: first mortgage a mortgage that has priority over all mortgages and liens except those imposed by law second mortgage a mortgage that is subordinate to a first mortgage chattel mortgage a loan to buy some personal item; the item (or chattel) is. mortgage definition: 1. an agreement that allows you to borrow money from a bank or similar organization, especially in…. Learn more. Meaning: A pledge of property as security for the repayment of a loan. Notes: Today we use this word most frequently to refer to property mortgages in which a property, usually a home, is used as security to borrow the money to pay for the property. The noun may be used as a verb with no attachments, as to mortgage a home.
15-Year Fixed Mortgage – a fixed-rate home loan that has half the typical term of 30 years.. 203k Loan – an FHA loan that allows you to finance home improvements and permanent financing in a single mortgage loan.. 3/1 ARM – An ARM that is fixed for the first three years (36 months) of the loan term before becoming annually adjustable.. 5/1 ARM – An ARM that doesn’t have its first. mortgage – Translation to Spanish, pronunciation, and forum discussions. Inflections of 'mortgage' (v): (⇒ conjugate) mortgages v 3rd person singular mortgaging v pres p verb, present participle: -ing verb used descriptively or to form progressive verb–for example, "a singing bird," "It is singing." mortgaged v past verb, past simple: Past tense–for example, "He saw the man." Reverse annuity mortgage definition is – a loan against home equity that provides an annuity to the homeowner and is repayable at the time the home is sold.
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.