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residential mortgage
(redirected from Residential Mortgages)

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Residential mortgage
Mortgage on a residential property, tax-deductible for individuals up to $1 million.

Residential Mortgage
A loan that one or more persons receive in order to buy a house or other residential property in which they will live. The loan is secured by a lien on the property; the borrowers repay it over a specified period of time. The interest on a residential mortgage is tax deductible under most circumstances.

residential mortgage

A loan secured by real property used for a personal residence or dwelling.



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The bank is said to have lent more cash in residential mortgages than any other bank last year.
Generally, for Americans who want to fulfill their dream of home ownership, lots of principal residential mortgages are available for funding.
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