Mortgage Loan
/ˈmɔːrɡɪdʒ loʊn/
Definitions
- (n.) A loan secured by real property, where the borrower grants the lender a security interest in the property as collateral.
The borrower obtained a mortgage loan to purchase their new home.
Forms
- mortgage loan
- mortgage loans
Related terms
See also
Commentary
Mortgage loans are central to secured lending and must clearly define terms of repayment, collateral, and default consequences.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.