Mortgage 2

Definition of "Mortgage"

Steve Peterson & Judy Avenson
Steve Peterson & Judy Avenson RE/MAX Real Estate Concepts

A written document evidencing the lien on a property taken by a lender as security for the repayment of a loan. The term 'mortgage' or 'mortgage loan' is used loosely to refer both to the lien and to the loan. In most cases, they are defined in two separate documents: a mortgage and a note.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ