mortgage

«mortgage» in Mova's school dictionary: a big loan from a bank to buy a house or flat; you pay it… — its meaning for a pupil, its sense in the lessons and examples, with 4 sentences of Mova's corpora that use it.

part of speech

noun (a mortgage, mortgages); verb (mortgage, mortgages, mortgaged, mortgaging)

meaning for a pupil

1) (money) A mortgage is a big loan from a bank to buy a house or flat; you pay it back with interest, a bit every month, over many years. tree →

2) (money) To mortgage a house is to use it as a promise for a loan: if you cannot pay, the bank can take the house. tree →

sense in the lessons

In adult life many families pay a mortgage; it is often the biggest monthly bill. Children may hear parents worry when interest rates go up. When the loan is all paid, the family owns the house outright. In maths problems a mortgage shows monthly payments and interest: paying back more than you borrowed. Phrases: take out a mortgage, pay the mortgage, mortgage payments, pay off the mortgage, mortgaged to the hilt.

examples

• Mum and Dad took out a mortgage to buy our house. tree →
• Most of Dad's pay goes on the mortgage. tree →
• When the mortgage is paid off, the house will be all ours. tree →
• The bank checks your payslips before giving you a mortgage. tree →
• If a family can't pay the mortgage, they might lose the house. tree →
• A mortgage of 200 thousand pounds paid at 1,000 a month takes a long time. tree →
• Renting is different from having a mortgage. tree →
• Now my horses and lands are all mortgaged, it is indeed high time; but gold will come at last--at Easter.' tree →

note

The t is silent: say "MOR-gij". Countable. In maths: the total paid back is more than the loan because of interest. The person who borrows is the borrower; the bank is the lender. Not the same as rent (paying an owner to live in their home).

In the corpora

• There is rent or a mortgage, energy for heating and hot water, council tax, broadband and insurance.
• Some families rent their home from a landlord; others are buying it with a huge loan from a bank called a mortgage.
• Most adults have some, like a mortgage or a car loan, and planned debt can be fine.
• A mortgage is a very big bank loan to buy a house, paid back monthly for 25 years or more with interest.

Trees and pragmatics

Every meaning and example of «mortgage» parsed by Mova, each sentence with its dependency tree and frames.