mortgages (B2)
noun
Pronunciation: ˈmɔːrɡɪdʒ
Definition
A specific type of loan used to purchase real estate, where the property itself serves as collateral.
Examples
They are still paying off their mortgages after 30 years.
The bank approved their application for a mortgage.
Rising interest rates have made mortgages more expensive.
How to Use mortgages
- mortgage on (prepositional phrase)
- The property that is being used as security for the loan. — "They have a large mortgage on their new house."
- mortgage for (prepositional phrase)
- The purpose of the loan. — "He secured a mortgage for the commercial property."
Synonyms of mortgages
Words with a similar meaning to mortgages:
Antonyms of mortgages
Words with the opposite meaning to mortgages:
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