mortgage
mortgage — noun
1. a type of loan agreement with a bank or other financial institution that lets yo
a type of loan agreement with a bank or other financial institution that lets you purchase property, typically a house or flat, by borrowing money that you repay in fixed monthly amounts over an agreed period
Christopher and Layla took out a thirty-year mortgage to buy their first home.
take out a mortgage — enter into the agreement
The bank approved Bao's mortgage application after checking her income and credit history.
Sumin still has fifteen years left to pay off the mortgage on the apartment.
Monthly mortgage payments can be higher than renting in some cities.
After João lost his job, the family struggled to keep up with the mortgage.
- home loan
more informal, used by lenders and in everyday conversation
- housing loan
broader term that can include loans for renovation or construction as well as purchase
文法句型
take out + a + mortgage
pay off + the + mortgage
mortgage + on + property
用法筆記
The noun mortgage is commonly used with the verbs take out (to begin a mortgage), pay off (to finish repaying it), and the phrase keep up with (to make regular payments on time). Unlike a general loan, a mortgage is secured against a property — if the borrower fails to pay, the lender can take ownership of the property.
常見錯誤
mortgage — verb
1. to borrow money from a bank by using your house or other property as a guarantee
to borrow money from a bank by using your house or other property as a guarantee that you will repay; the bank has the right to take the property if you fail to make the payments
The young couple mortgaged their house to pay for their children's university education.
mortgage + property + to-infinitive purpose
Bao's parents mortgaged their farm in order to start a small business.
The warehouse was mortgaged for more than its market value.
Léa and Tamar mortgaged their apartment to raise enough money for the new clinic.
Adisa refused to mortgage the family home because he thought the risk was too great.
- put up as collateral
more formal and broader legal meaning; not limited to property
- pledge
more general; can apply to any asset, not just real estate
文法句型
mortgage + noun phrase (the property)
be + mortgaged + (for + amount)
用法筆記
The verb mortgage takes the property as its direct object, not the lender. You mortgage your house, not the bank. The passive form (be mortgaged) is common when describing the financial status of a property. The verb is less frequent in everyday speech than the noun — speakers more often say 'I have a mortgage on my house' than 'I mortgaged my house.'