What is the synonym of mortgage?

What is the synonym of mortgage?

Find another word for mortgage. In this page you can discover 29 synonyms, antonyms, idiomatic expressions, and related words for mortgage, like: lease, amortize, deed, title, contract, encumbrance, debt, lien, hock, transactions and loan.

What is a mortgage doc?

The Mortgage or Deed of Trust is a legal document in which the borrower transfers the title to the lender (under a mortgage), or to a third party trustee (under a deed of trust) to hold as security for the lender. If the borrower defaults on the loan, the property can be sold to pay off the mortgage debt.

What is mean by mortgage in simple words?

A mortgage is usually a loan sanctioned against an immovable asset like a house or a commercial property. The lender keeps the asset as collateral until the borrower repays the total loan amount. Mortgage loans are of 3 types: Home loans.

What is the antonym for mortgage?

What is the opposite of mortgage?

What is the root word of mortgage?

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 the formal definition of a 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.

Which is the best definition of a mortage?

mort·gage. (môr′gĭj) n. 1. A loan for the purchase of real property, secured by a lien on the property. 2. The document specifying the terms and conditions of the repayment of such a loan. 3. The repayment obligation associated with such a loan: a family who cannot afford their mortgage.

Are there any synonyms for the word mortgage?

Synonyms for mortgage. commit, engage, pledge, troth.

Which is the best glossary for mortgage terms?

Use Bank of America’s comprehensive mortgage terms glossary to get definitions of mortgage terms that may come up throughout the loan process. Use Bank of America’s comprehensive mortgage terms glossary to get definitions of mortgage terms that may come up throughout the loan process. Skip to main content

Who is the mortgagor in a real estate transaction?

Because most people cannot afford to buy real estate with cash, nearly every real estate transaction involves a mortgage. The party who borrows the money and gives the mortgage (the debtor) is the mortgagor; the party who pays the money and receives the mortgage (the lender) is the mortgagee.