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• a legal document that pledges property to a lender as security for the repayment of a loan. The term is also used to refer to the loan itself.

  Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program - Cite This Source - This Definition
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  Cite Definition for mortgage

  American Psychological Association (APA)

  mortgage. (n.d.). Making Home Affordable Glossary. Retrieved February 4, 2023, from website: http://www.expertglossary.com/definition/mortgage.

  Chicago Manual of Style (CMS)

  mortgage. www.makinghomeaffordable.gov. Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. http://www.expertglossary.com/definition/mortgage (accessed: February 4, 2023).

  Modern Language Association (MLA)

  "mortgage." Making Home Affordable Glossary. Departments of the Treasury & Housing and Urban Development, Making Home Affordable Program. 4 February. 2023 http://www.expertglossary.com/definition/mortgage.

• A contract, signed by a borrower when a home loan is made, that gives the lender the right to take possession of the property if the borrower fails to pay off, or defaults on, the loan.

  The Federal Reserve Board - Cite This Source - This Definition
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  Cite Definition for mortgage

  American Psychological Association (APA)

  mortgage. (n.d.). A Consumer's Guide to Mortgage Refinancings. Retrieved February 4, 2023, from website: http://www.expertglossary.com/definition/mortgage.

  Chicago Manual of Style (CMS)

  mortgage. www.federalreserve.gov. A Consumer's Guide to Mortgage Refinancings. The Federal Reserve Board. http://www.expertglossary.com/definition/mortgage (accessed: February 4, 2023).

  Modern Language Association (MLA)

  "mortgage." A Consumer's Guide to Mortgage Refinancings. The Federal Reserve Board. 4 February. 2023 http://www.expertglossary.com/definition/mortgage.

• An agreement in which a property owner grants a creditor the right to satisfy a debt by selling the property in the event of a default.

  Idaho Office of the Attorney General - Cite This Source - This Definition
  ×

  Cite Definition for mortgage

  American Psychological Association (APA)

  mortgage. (n.d.). Mortgage Servicing Glossary. Retrieved February 4, 2023, from website: http://www.expertglossary.com/definition/mortgage.

  Chicago Manual of Style (CMS)

  mortgage. www.ag.idaho.gov. Mortgage Servicing Glossary. Idaho Office of the Attorney General. http://www.expertglossary.com/definition/mortgage (accessed: February 4, 2023).

  Modern Language Association (MLA)

  "mortgage." Mortgage Servicing Glossary. Idaho Office of the Attorney General. 4 February. 2023 http://www.expertglossary.com/definition/mortgage.

• Browse Related Terms: First Mortgage, Guarantee, Hazard Insurance, Lender-Placed Insurance, Lien, mortgage, Mortgage Insurance (MI), second mortgage, Suspension

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