Mortgage

Meaning

a legal agreement by which a bank lends money to buy property

a legal agreement where a person borrows money to buy property and pays it back over time

Example Sentences

They took out a mortgage to buy their first house.

They applied for a mortgage to buy their new house.

Example Expressions

mortgage loan

Synonyms

home loan, housing loan, property loan, loan, debt, finance

Entry 1

home loan, housing loan, property loan

Entry 2

loan, home loan, property loan, debt, finance

Antonyms

cash purchase, outright ownership, repayment, ownership, clearance

Entry 1

cash purchase, outright ownership

Entry 2

repayment, ownership, clearance

Collocations

mortgage payment, mortgage rate, apply for mortgage, mortgage loan, mortgage interest, pay off mortgage

Entry 1

mortgage payment, mortgage rate, apply for mortgage

Entry 2

mortgage loan, mortgage interest, mortgage payment, pay off mortgage