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mortgages Definition

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mortgages
noun(mort-gage)
a conveyance of or lien against property (as for securing a loan) that becomes void upon payment or performance according to stipulated terms
mortgages
noun(mort-gage)
the instrument evidencing the mortgage
mortgages
noun(mort-gage)
the state of the property so mortgaged
mortgages
verb(mort-gage)
to grant or convey by a mortgage
mortgages
verb(mort-gage)
to subject to a claim or obligation : pledge
mortgages
noun(mort-gage)
a mortgage having an interest rate which is usually initially lower than that of a mortgage with a fixed rate but is adjusted periodically according to the cost of funds to the lender
mortgages
noun(mort-gage)
a mortgage that has priority as a lien over all mortgages and liens except those imposed by law
mortgages
noun(mort-gage)
a mortgage that allows an elderly person to convert home equity into available funds through a line of credit, cash advance, or periodic disbursements to be repaid with interest usually when the borrower dies, moves, or sells the home
mortgages
noun(mort-gage)
a mortgage the lien of which is subordinate to that of a first mortgage
mortgages
noun(mort-gage)
adjustable rate mortgage

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