Dec 21, 2025 · A mortgage is a loan used to purchase or maintain real estate, including houses and commercial properties. A buyer repays the loan in monthly installments.

The meaning of MORTGAGE is a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms.

Mortgage loans are generally structured as long-term loans, the periodic payments for which are similar to an annuity and calculated according to the time value of money formulae.

They took out a £400,000 mortgage (= they borrowed £400,000) to buy the house.

MORTGAGE definition: a conveyance of an interest in real property as security for the repayment of money borrowed to buy the property; a lien or claim on property such that the lender can …

Feb 5, 2025 · A mortgage is a type of loan for buying a home. You'll choose from a conventional or government-backed mortgage, with either a fixed or adjustable rate.

Dec 16, 2025 · A mortgage is essentially a loan secured by your home, designed to help you buy real estate without having to pay the full amount upfront. It involves monthly repayments …