WebMany translated example sentences containing "mortgage" – Spanish-English dictionary and search engine for Spanish translations. Webmortgage definition: 1. an agreement that allows you to borrow money from a bank or similar organization, especially in…. Learn more.

What Is a Mortgage? Types, How They Work, and Examples

WebThe most common mortgage terms are 30 or 15 years. This means the loan balance is repaid over either 15 or 30 years. Adjustable-rate mortgages (ARM) come in 3/1, 5/1, 7/1, and 10/1 terms. This means your interest rate is fixed for three, five, seven, or 10 years, and after that, the rate resets annually based on current mortgage interest rates. WebMortgage Meaning. A mortgage loan is an agreement that gives the lender the right to forfeit the mortgaged property or assets in case of failure to repay the borrowed sum and interest. An asset or real estate secures them. These types of loans are considered relatively safe as an asset secures them. The lender has the right to sell the property ... lookout butte alberta

What Is A Mortgage? Bankrate

WebAug 18, 2016 · Mortgage debt is bad debt because while you sit in your house making payments, you cannot get to the money invested in your house. This is called “dead equity.”. It is not liquid and it has a lot of strings attached to it — the equity in your home cannot be accessed unless you sell your house and move out! Webhypotheque is the greek word, mortgage the latin word. i don't know in other languages, ... that literally means "multiple tongues" that derives from latin. but also the term "polyglote" (polyglot) that comes from ancient greek and means "several tongues". both are synonyms in french, in english too i believe. 5. Reply. Share. Report Save Follow. lookout by christine byl