Definitions for mortgage loan
mort·gage loan

Princeton's WordNetRate this definition:0.0 / 0 votes

1. real estate loan, mortgage loannoun

   a loan on real estate that is usually secured by a mortgage

ChatGPTRate this definition:0.0 / 0 votes

1. mortgage loan

   A mortgage loan is a type of loan that is used by individuals or businesses to purchase real estate without paying the full value upfront. The borrower, who is the property buyer, agrees to repay the loan with interest over a specified period of time. The property serves as collateral, meaning that the lender can repossess the property if the borrower fails to make the agreed-upon payments. The terms, interest rates, and repayment periods for mortgage loans can vary widely.

WikidataRate this definition:0.0 / 0 votes

1. Mortgage loan

   A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone, in everyday usage, is most often used to mean mortgage loan. The word mortgage is a French Law term meaning "death contract", meaning that the pledge ends when either the obligation is fulfilled or the property is taken through foreclosure. A home buyer or builder can obtain financing either to purchase or secure against the property from a financial institution, such as a bank or credit union, either directly or indirectly through intermediaries. Features of mortgage loans such as the size of the loan, maturity of the loan, interest rate, method of paying off the loan, and other characteristics can vary considerably. In many jurisdictions, though not all, it is normal for home purchases to be funded by a mortgage loan. Few individuals have enough savings or liquid funds to enable them to purchase property outright. In countries where the demand for home ownership is highest, strong domestic markets for mortgages have developed.

Matched Categories

1. • Loan

How to pronounce mortgage loan?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say mortgage loan in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of mortgage loan in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of mortgage loan in Pythagorean Numerology is: 2

Examples of mortgage loan in a Sentence

1. Sam Khater:

   Mortgage rates rose across all mortgage loan types, with the 30-year fixed-rate mortgage increasing by almost a quarter of a percent from last week, the rise in mortgage rates so far this year has not yet affected purchase demand, but given the fast pace of home price growth, it will likely dampen demand in the near future.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=mortgage loan
2. ^ ChatGPT
   https://chat.openai.com
3. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=mortgage loan