Mortgage - definition, pronunciation, transcription

He will have to take out a mortgage in order to buy the house.

They hope to pay off the mortgage on their home soon.

She mortgaged her house in order to buy the restaurant.

...I've mortgaged all my free time this week to the hospice and won't be able to come to the party....

Your building society or bank will help arrange a mortgage.

They've taken out a 30 year mortgage (=they will pay for their house over a period of 30 years).

We decided to use Fred's redundancy money to pay off the mortgage (=pay back all the money we borrowed for a mortgage).

Mortgage rates are set to rise again in the spring.

She was having trouble meeting her mortgage payments.

If you earn £20,000 per year, then you may be able to get a mortgage of £60,000.

We mortgaged our house to start Paul's business.

You need to have a strong credit history and a good job in order to get a mortgage.

Additional payments are owed on the mortgage.

We've been slowly paying off our mortgage and building up equity in our house.

...the home buyers had to covenant that they would restore and keep the house for at least 10 years in exchange for a low mortgage rate...