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mortgage |
Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.51 sec. |
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Mortgage A loan secured by the collateral of some specified real estate property that the borrower is obliged to pay back with predetermined set of payments. Notes: The difference between mortgage rates and GIC rates is the profit that the bank makes. If mortgage rates are at 8% and GICs are paying 5% the bank makes 3%.Mortgage A loan secured by the collateral of some specified real estate property which obliges the borrower to make a predetermined series of payments.
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