Want to say mortgage differently? Here are other words for mortgage and its similar synonyms and opposite words to say in unique way.
Meaning of mortgage
A loan in which property, typically a house, is used as security for the repayment of the loan.
Etymology of mortgage
The word "mortgage" comes from the Old French words "mort" meaning "dead" and "gage" meaning "pledge", referring to the fact that the pledge dies or becomes void when the debt is repaid.
Synonyms
Definitions
- A legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the title will be returned to the debtor when the loan is repaid.
- A loan that is secured by a property, typically a house, and that requires regular payments, usually monthly, to repay the loan over a set period of time.
Usage Examples
- The family had to take out a large mortgage to buy their dream home.
- The bank offered a competitive mortgage rate to attract new customers.
- The couple struggled to make their monthly mortgage payments due to unexpected expenses.