What is mortgage synonym?

synonyms for mortgage

• contract.
• debt.
• deed.
• pledge.
• title.
• homeowner’s loan.

What is a antonym for mortgage?

Opposite of a privilege of delayed payment extended to a buyer or borrower. cash. upfront payment. advance payment.

Does the word mortgage mean?

From where did the word “mortgage” come? The word comes from Old French morgage, literally “dead pledge,” from mort (dead) and gage (pledge). According to the online etymology dictionary, it is so called because the deal dies when the debt is paid or when payment fails.

What is a mortgage in simple terms?

A simple definition of a mortgage is a type of loan you can use to buy or refinance a home. Mortgages are also referred to as “mortgage loans.” Mortgages are a way to buy a home without having all the cash upfront.

Why is it called a mortgage?

Mortgage. “Word nerds will notice an eerie root word in ‘mortgage’ — ‘mort,’ or ‘death,'” Weller writes. “The term comes from Old French, and Latin before that, to literally mean ‘death pledge. ‘”

What is another name for mortgage bank?

What is another word for mortgage?

What are synonyms for collateral?

noun. 1’she put up her house as collateral for the bank loan’ security, surety, guarantee, guaranty, pledge, bond, insurance, indemnity, indemnification, pawn, backing. bail, hostage.

What is mortgage example?

A mortgage is a loan – provided by a mortgage lender or a bank. – that enables an individual to purchase a home or property. Examples include property, plant, and equipment. Tangible assets are on the money an individual is lent to purchase the home.

Does mortgage mean death?

“Word nerds will notice an eerie root word in ‘mortgage’ — ‘mort,’ or ‘death,'” Weller writes. “The term comes from Old French, and Latin before that, to literally mean ‘death pledge.

Why is it called mortgage?

Do having a mortgage mean you own the house?

When you purchase a home via a mortgage loan, as a borrower you are, in fact, a homeowner free to make decisions pertinent to the property (decor, renovations, construction, etc.) Simply put, yes, you do own your home but your mortgage lender does have interest in the property based on documents signed at closing.

What does the name mortgage mean?

A mortgage is a loan that the borrower uses to purchase or maintain a home or other form of real estate and agrees to pay back over time, typically in a series of regular payments. The property serves as collateral to secure the loan.

What is the meaning of the word mortgage?

Definition of mortgage. (Entry 1 of 2) 1 : a conveyance (see conveyance sense 2a) of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms took out a mortgage in order to buy the house. 2a : the instrument evidencing the mortgage.

What is the history of the word mortgage?

The origins of the word mortgage come from the French words mort (death), and gage (a pledge). The word mortgage came into Middle English by way of Middle and Old French.

What is an antonym of mortgage?

Antonyms for mortgage include redeem, cash, upfront payment, advance payment and cash payment. Find more opposite words at wordhippo.com!