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Definition of Mortgage

Mortgage

  1. A conveyance of property, upon condition, as security for the payment of a debt or the preformance of a duty, and to become void upon payment or performance according to the stipulated terms; also, the written instrument by which the conveyance is made.
  2. State of being pledged; as, lands given in mortgage.
  3. To grant or convey, as property, for the security of a debt, or other engagement, upon a condition that if the debt or engagement shall be discharged according to the contract, the conveyance shall be void, otherwise to become absolute, subject, however, to the right of redemption.
  4. Hence: To pledge, either literally or figuratively; to make subject to a claim or obligation.

Mortgage Quotations

If you pay off your mortgage before retirement, you take a huge financial load off your shoulders. You also become eligible to take out a reverse mortgage once you turn 62.
Suze Orman

I'm for the Wall Street Occupiers. But will they accept me when they find out I sell packaged mortgage default instruments to children?
Steve Martin

Bad debt is debt that makes you poorer. I count the mortgage on my home as bad debt, because I'm the one paying on it. Other forms of bad debt are car payments, credit card balances, or other consumer loans.
Robert Kiyosaki

However my parents - both of whom came from impoverished backgrounds and neither of whom had been to college, took the view that my overactive imagination was an amusing quirk that would never pay a mortgage or secure a pension.
J. K. Rowling

If you're going to live in the house make it your goal to just pay off your mortgage.
Suze Orman
More "Mortgage" Quotations

Mortgage Translations

mortgage in Dutch is hypotheek
mortgage in German is Pfand, Hypothek
mortgage in Italian is ipoteca
mortgage in Spanish is hipoteca

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