Mortgage Definition
Definitions of mortgage:
a conditional conveyance of property as security for the repayment of a loan
put up as security or collateral
A legal document that pledges a property to the lender as a security for payment of a debt.
A legal document that pledges a property to the lender as security for payment of a debt.
A legal document that pledges a property to the lender as security for payment of a debt
A conveyance of an interest in real property given as security for the payment of a debt.
A legal document pledging property as security for the payment of a loan.
(1) To hypothecate as security, real property for the payment of a debt. The borrower (mortgagor) retains possession and use of the property. (2) The instrument by which real estate is hypothecated as security for the repayment of a loan.
A legal instrument in which property serves as security for the repayment of a loan. In some states, a deed of trust is used rather than a mortgage.
A legal document that pledges a property to the lender as security for payment of a debt, usually a loan on the house itself.
A formal document which proves the legal claim or lien (see Lien) on your property that your lender holds as security for the money you borrowed. There are two people involved in a mortgage, you and the lender. You pledge the property as security for the repayment of the money you borrowed, but you do not transfer title to the lender. However, if you do not pay the debt as agreed the lender, through a court proceeding, can compel the sale of your property to pay off your debt. (see Deed of Trust)
A legal document that pledges property to a creditor for the repayment of the loan, and is the term used to describe the loan itself. Some states use the term First Trust Deeds to refer to mortgage loans.
A document that places a lien on property. The lender holds the lien as security for the money borrowed.
A legal document that pledges a property to the lender as security for payment of a debt.
A written document evidencing the lien on a property taken by a lender as security for the repayment of a loan. The terms of the loan are contained in the note.
A written instrument that is signed by the borrower which pledges the property to the lender as security for repayment of a debt.
A conditional transfer or pledge of real estate as security for the payment of a debt. Also, the document creating a mortgage lien.
A pledge of real estate as security for the payment of a debt. Also, the document creating a mortgage lien.
A mortgage is security for a loan on the property that you own. It provides for your personal guarantee to repay the loan as well as a pledge of the property as security for the loan.
A conditioned pledge of property to a creditor as security for the payment of a debt.
The conveyance of a lien interest in real property given as security for the payment of a loan.
A temporary and conditional pledge of property to a creditor as security for the repayment of a debt. The borrower (mortgagor) retains possession and use of the property.
A written instrument that creates a lien upon real estate as security for the payment of a specified debt.
The conveyance of an interest in real property given as security for the payment of a loan.
A loan secured by a lien on your home. In some states the term mortgage is also used to describe the document you sign to show that you have granted the lender a lien on your home; other states use a deed of trust document instead of a mortgage. It may also be used to indicate the amount of money you borrow, with interest, to purchase your house. The amount of your mortgage is usually the purchase price of the home minus your down payment.
A legal document that pledges a property to a lender as security for payment of a debt.