B2noun 2K

Mortgage

🇬🇧 UK /["/ˈmɔːɡɪdʒ/"]/ 🇺🇸 US /["/ˈmɔːrɡɪdʒ/"]/

Meaning of Mortgage

a legal agreement by which a bank or similar organization lends you money to buy a house, etc., and you pay the money back over a particular number of years; the sum of money that you borrow

In simple words: A loan used to buy a house that you pay back over time.

Mortgage in a sentence

• They applied for a mortgage to buy their first home.
• She paid off her mortgage ahead of schedule to save on interest.
• The bank offered various mortgage options with fixed and variable rates.
• Mortgage interest rates have increased this year, making loans more expensive.
• They used their property as a mortgage to secure a business loan.
• If you don't pay the mortgage, the lender has the right to repossess the house.

How to use Mortgage

Commonly used in discussions about buying property or real estate. More formal than everyday conversations. Avoid in casual settings.

Grammar pattern

mortgage + object

Memory hint

Think of 'mortgage' as 'mort-gage' - like a 'gauge' that measures how much of your house you still owe.

Related words

Collocations with Mortgage

• big
• huge
• small
• have
• hold
• buy
• payment
• repayment
• application
• mortgage of
• mortgage on

Synonyms for Mortgage

• home loan
• property loan
• real estate loan

Opposites of Mortgage

• own
• freehold

Common mistakes with Mortgage

• Confusing 'mortgage' with 'rent'.
• Using incorrect terms like 'mortgaged' instead of 'mortgage'.
• Saying 'mortgage loan' redundantly.

Frequently asked questions about Mortgage

What does Mortgage mean?

A loan used to buy a house that you pay back over time.

What is the definition of Mortgage?

a legal agreement by which a bank or similar organization lends you money to buy a house, etc., and you pay the money back over a particular number of years; the sum of money that you borrow

How do you use Mortgage in a sentence?

They applied for a mortgage to buy their first home.

Can you give another example of Mortgage?

She paid off her mortgage ahead of schedule to save on interest.

What are synonyms for Mortgage?

Common alternatives include home loan, property loan, real estate loan.

What is the opposite of Mortgage?

Opposite meanings include own, freehold.

What words go with Mortgage?

It commonly pairs with big, huge, small, have, hold, buy, payment, repayment, application, mortgage of, mortgage on.

What are common mistakes when using Mortgage?

Confusing 'mortgage' with 'rent'. Using incorrect terms like 'mortgaged' instead of 'mortgage'. Saying 'mortgage loan' redundantly.

How do you pronounce Mortgage?

US: /["/ˈmɔːrɡɪdʒ/"]/, UK: /["/ˈmɔːɡɪdʒ/"]/. Listen to the audio above to hear native pronunciation.

When should I use Mortgage?

Commonly used in discussions about buying property or real estate. More formal than everyday conversations. Avoid in casual settings.

What CEFR level is Mortgage?

"Mortgage" is at B2 level on the CEFR scale.