mortgages
Definition
Plural of 'mortgage': a legal agreement in which a lender provides a loan to a borrower for purchasing real estate, with the property serving as collateral that can be seized if the loan is not repaid.
Long-term loans secured by the value of a home or other property, often involving fixed or variable interest rates and monthly payments over 15-30 years.
Examples
After juggling three mortgages like a pro debt juggler, he finally downsized to just owning his sanity.
In this market, mortgages feel like signing up for a 30-year subscription to ramen noodles and regret.
She refinanced her mortgages so many times, the bank started calling her 'the interest whisperer'.
His portfolio of vacation home mortgages turned out to be less 'dream getaway' and more 'nightmare equity'.