CEFR B2

mortgage

noun

Meaning

A specific type of loan used to purchase real estate, where the property itself serves as collateral for the loan.

Examples

She took out a 30-year mortgage to buy her first home.
The bank approved his mortgage application after reviewing his finances.

Synonyms: loan, deed of trust, home loan, encumbrance

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mortgage (B2)

noun

Pronunciation: /ˈmɔːrɡɪdʒ/

Definition

A specific type of loan used to purchase real estate, where the property itself serves as collateral for the loan.

Examples

She took out a 30-year mortgage to buy her first home.
The bank approved his mortgage application after reviewing his finances.
Paying off the mortgage early can save a lot of money on interest.

How to Use mortgage

mortgage on (prepositional phrase): Used to specify the property that is being used as collateral for the loan. — "They took out a large mortgage on the beachfront property."
mortgage for (prepositional phrase): Used to specify the purpose of the loan. — "He needed a mortgage for the apartment building."

Synonyms of mortgage

Words with a similar meaning to mortgage:

Antonyms of mortgage

Words with the opposite meaning to mortgage:

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