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What is a mortgage? definition and meaning. – 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 interest is recorded in the register of title documents to make it.
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Mortgage – Investopedia – Mortgage: A mortgage is a debt instrument , secured by the collateral of specified real estate property, that the borrower is obliged to pay back with a predetermined set of payments. Mortgages.
What Is a Mortgage? – NerdWallet – “Mortgage” comes from the latin word mort, meaning death – as in “this debt is yours until you die.” Mortgages are more flexible than their root.