MORTGAGE | Meaning, Definition In Cambridge English Dictionary

Meaning of mortgage in English mortgagenoun [ C ] uk /ˈmɔː.ɡɪdʒ/ us /ˈmɔːr.ɡɪdʒ/ Add to word list Add to word list 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 £400,000 mortgage (= they borrowed £400,000) to buy the house. a monthly mortgage payment
  • 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.
Mortgages & real estate
  • absentee landowner
  • absentee owner
  • blockbusting
  • brick
  • BTL
  • endowment mortgage
  • freeholder
  • ground rent
  • housebuyer
  • landholding
  • letting
  • mortgage broker
  • mortgagee
  • non-landowner
  • non-prime
  • off-plan
  • owner-occupier
  • realty
  • repossess
  • vacancy
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). Mortgages & real estate
  • absentee landowner
  • absentee owner
  • blockbusting
  • brick
  • BTL
  • endowment mortgage
  • freeholder
  • ground rent
  • housebuyer
  • landholding
  • letting
  • mortgage broker
  • mortgagee
  • non-landowner
  • non-prime
  • off-plan
  • owner-occupier
  • realty
  • repossess
  • vacancy
See more results » (Definition of mortgage from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

mortgage | American Dictionary

mortgagenoun [ C ] us /ˈmɔr·ɡɪdʒ/ Add to word list Add to word list an agreement that allows you to borrow money from a bank or similar organization by offering something of value, esp. in order to buy a house or apartment, or the amount of money itself: They took out a $90,000 mortgage to buy the house. mortgageverb [ T ] us /ˈmɔr·ɡɪdʒ/ to offer something of value in order to borrow money from a bank or similar organization: They had to mortgage their home to borrow enough money to pay for their children’s education. (Definition of mortgage from the Cambridge Academic Content Dictionary © Cambridge University Press)

mortgage | Business English

mortgagenoun [ C ]   FINANCE, PROPERTY uk /ˈmɔːɡɪdʒ/ us Add to word list Add to word list a legal agreement to borrow money from a bank or other financial organization, especially to buy a house or other property, or the amount of money borrowed: apply for/take out/get a mortgage You take out a mortgage on your home at a fixed rate of interest. pay/pay off/repay a mortgage A large part of the money will be used to pay off a mortgage.mortgage payment/repayment Once the interest rate rises, they won't be able to afford their monthly mortgage payments.mortgage arrears/defaults Increases in unemployment will lead to a rise in mortgage arrears. a 15/25/30-year mortgage

See also

adjustable rate mortgage balloon mortgage direct-reduction mortgage endowment mortgage equitable mortgage first mortgage legal mortgage repayment mortgage variable rate mortgage mortgageverb [ T ]   FINANCE, PROPERTY uk /ˈmɔːɡɪdʒ/ us to borrow money using property as security (= an asset that will belong to the lender if the borrower does not pay back the loan): mortgage sth to do sth He mortgaged his home to help finance the project. The company mortgaged its assets to secure a $23 billion credit line. (Definition of mortgage from the Cambridge Business English Dictionary © Cambridge University Press)

Examples of mortgage

mortgage Deducting the amount of outstanding mortgage then produces an estimate of the amount of equity each respondent has tied up in his or her home. From the Cambridge English Corpus This was also the first time that the farm passed into the hands of a mortgage holder. From the Cambridge English Corpus In other cases eviction followed failure to keep up mortgage payments. From the Cambridge English Corpus Where land titles were sufficiently explicit and secure, mortgage credit and land markets emerged. From the Cambridge English Corpus Yet the law also required that all free bank notes be backed onefor-one with high-grade bonds or mortgages deposited with the state's comptroller. From the Cambridge English Corpus He also knew that he had to continue working for several more years because his mortgage would close when he was 75 years old. From the Cambridge English Corpus The family's business dealings often involved huge investments, which sometimes required loans taken off mortgages on family property. From the Cambridge English Corpus In comparison, public pension funds invest more in real estate, primarily through direct investments and mortgage loans for their employees. From the Cambridge English Corpus Most important was the local nature of the mortgage market in which ' custom ' prevented interest rates from floating above six per cent per annum. From the Cambridge English Corpus The authors set themselves the difficult tasks of addressing a broad audience of academics, policy-makers, mortgage lenders, housing associations, the voluntary sector and pressure groups. From the Cambridge English Corpus Furthermore, the property crash particularly affected new entrants to the market, who were left with high mortgages and negative equity. From the Cambridge English Corpus Older owner-occupiers are likely to have paid off their mortgages or have mortgages which are small in relation to the market value of their homes. From the Cambridge English Corpus As might be expected, aggregate mortgage debt is positively correlated with the proportion of householders who have mortgages (correlation = 0.78). From the Cambridge English Corpus Researchers are not social planners, just human beings with kids to raise, tax bills and mortgages to pay. From the Cambridge English Corpus Achieving an understanding of mortgagees' motivations is complicated by our discovery that mortgages were not all the same. From the Cambridge English Corpus These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.

Collocations with mortgage

mortgage

These are words often used in combination with mortgage.

Click on a collocation to see more examples of it.

commercial mortgageSecondly, the time which is required to incorporate the standard assessment procedure into the highly competitive commercial mortgage valuation business is significant. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 conventional mortgageFew people now feel confident that their job will be around for the 25-year duration of the conventional mortgage. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 existing mortgageOn average, 45.4 per cent of the sum due was simply settled by taking on the existing mortgage debt, and another 16.4 per cent by contracting new debt. From the Cambridge English Corpus These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. See all collocations with mortgage What is the pronunciation of mortgage?

Translations of mortgage

in Chinese (Traditional) (尤指購房的)按揭,抵押貸款, (房屋)做按揭貸款… See more in Chinese (Simplified) (尤指购房的)按揭,抵押贷款, (房屋)做抵押贷款… See more in Spanish hipoteca, hipotecar, hipoteca [feminine… See more in Portuguese hipoteca, hipotecar, hipoteca [feminine]… See more in Japanese in Turkish in French in Catalan in Dutch in Czech in Danish in Indonesian in Thai in Vietnamese in Polish in Swedish in Malay in German in Norwegian in Korean in Ukrainian in Italian 住宅ローン, 住宅ローンを組む, 住宅(じゅうたく)ローン… See more gayrimenkul ipoteği/ipotek karşılığı alınan kredi/para, ipotek, ipotek etmek… See more emprunt [masculine] immobilier, hypothéquer, (d’) hypothèque… See more hipoteca, hipotecar… See more hypotheek, verhypothekeren… See more hypotéka, zastavit (nemovitost)… See more prioritetslån, belåne… See more hipotek, menghipotekkan… See more การจำนอง, จำนอง… See more văn tự thế chấp, thế chấp… See more kredyt hipoteczny, hipoteka, oddać w zastaw hipoteczny… See more inteckning, hypotek, inteckna… See more gadai janji, menggadai janji… See more die Hypothek, verpfänden… See more boliglån [neuter], pantsette, pant i fast eiendom… See more 대출, (집을 사기 위해) 대출 받다… See more заставна, закладна, заставляти… See more mutuo, ipotecare, ipoteca… See more Need a translator?

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mortality table mortally mortar mortarboard mortgage mortgage bond mortgage borrowing mortgage broker mortgage finance {{#randomImageQuizHook.filename}} {{#randomImageQuizHook.isQuiz}} Test your vocabulary with our fun image quizzes Try a quiz now {{/randomImageQuizHook.isQuiz}} {{^randomImageQuizHook.isQuiz}} {{/randomImageQuizHook.isQuiz}} {{/randomImageQuizHook.filename}}

More meanings of mortgage

  • first mortgage
  • legal mortgage
  • mortgage bond
  • mortgage rate
  • balloon mortgage
  • mortgage-backed
  • mortgage broker
See all meanings

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Tag » How Do You Spell Mortgage