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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

The most important loan to pay is your student loan. It's more important than your mortgage, car and credit card payments. You cannot discharge student loan debt in the majority of cases.
Suze Orman

Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it?
Mark Zandi

While I encourage people to save 100% down for a home, a mortgage is the one debt that I don't frown upon.
Dave Ramsey

When I was a little kid, I wrote this play about all these characters living in a haunted house. There was a witch who lived there, and a mummy. When they were all hassling him, this guy who bought the house - I can't believe I remember this - he said to them, 'Who's paying the mortgage on this haunted house?' I thought that was really funny.
Mindy Kaling

Worm or beetle - drought or tempest - on a farmer's land may fall, Each is loaded full o' ruin, but a mortgage beats 'em all.
Will Carleton
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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