mortgage

/ˈmɔːrɡɪdʒ/

nounverbmort · gage

Think: a house loan can feel like a MORTal commitment—MORT + GAGE (like a “gauge” of what you can afford).

Yes, it's mortgage. Don’t write *-guage* or *-gagee*—the ending is **-gage** (rhymes with “ridge” in pronunciation: /ɡɪdʒ/).

Definitions

  1. nounA legal agreement in which money is borrowed to buy property (such as a house), and the property is used as security for the loan until it is paid back.
  2. nounThe loan itself that is used to buy property and is paid back over time, usually with interest.
  3. verbTo borrow money to buy property by using that property as security for the loan.

Examples

  • “They applied for a 30-year mortgage to buy their first home.”
  • “If you miss too many payments, the bank can take the house because it secures the mortgage.”
  • “She decided to mortgage the property to fund renovations and pay contractors.”

Synonyms

home loanproperty loanhousing loansecured loanreal-estate loan

Translations

ES hipotecaPT hipotecaFR hypothèque

Common misspellings

mortagemortgaugemorgagemortguagemortgadgemortgaigemortgageemortgagé

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