Mortgage

# put up as security or collateral
# a conditional conveyance of property as security for the repayment of a loan

# A mortgage (Law French for "dead pledge") is a device used to create a lien on real estate by contract. It is used as a method by which individuals or businesses can buy residential or commercial property without paying the full value upfront. The borrower (also called the mortgagor) uses a mortgage to pledge real property to the lender (also called the mortgagee) as security against the debt (also called hypothecation) for the rest of the value of the property. ...

# Debt instrument by which the borrower (mortgagor) gives the lender (mortgagee) a lien on property as security for the repayment of a loan.

# The pledge of a property to the lender as security for payment of a debt.

# A written pledge of property that is used as security for the repayment of a loan.

# a loan to purchase a home, where the property is used to guarantee repayment of the loan.

# A legal document by which real property is pledged as security for the repayment of a loan; the pledge is canceled when the debt is paid in full.

# a lien on the property that secures the Promise to repay a loan.

# A loan for a house. Also referred to as a lien or claim against real property.

# Legal agreement on the terms and conditions of a loan for the purpose of buying real estate. (A Mortgagee lends the money to a mortgagor, the borrower).

# A pledge of real estate as security for the payment of a debt.

# A document signed by a borrower when a home loan is made that gives the lender a right to take possession of the property if the borrower fails to pay off the loan.

# Usually a short-term fixed-rate loan which involves small payments for a certain period of time and one large payment for the remaining amount of the principal at a time specified in the contract.

# A legal document pledging property as security for the payment of a loan.

# A contract in which a borrower's property is pledged as security for a loan which is to be repaid on an installment basis.

# A legal document that pledges a property to the lender as security for payment of a debt.

# A conditional pledge of property to a creditor as security for the payment of a debt.

# A legal document that uses property as collateral to secure payment of a debt.

# A lien placed by the lender on the borrower's property and removed when the note has been paid in full. If the borrower defaults on the note, the lender can sell the property to satisfy the debt.

# A conditional transfer or pledge of real estate as security for payment of the debt. Also, the document creating a mortgage lien.

# An instrument giving legal title to secure the repayment of a loan made by the mortgagee (lender). In legal contemplation there are two types: (1) title theory - operates as a transfer of the legal title of the property to the mortgagee, and (2) lien theory - creates a lien upon the property in favor of the mortgagee.

# Document which specifies a specific amount of money, which is to be used for purchase of a home, using the property as collateral, whereupon a lien is placed on the property as security for repayment of the debt.

# a document placing conditions on the sale of property; usually recorded at the county level.

# An instrument used to encumber land as security for a debt.

# An instrument recognized by law by which property is hypothecated to secure the payment of a debt or obligation; a procedure for foreclosure in event of default is established by statute.

# An instrument by which property is hypothecated to secure the payment of a debt.

# A legal document that pledges property to a lender as security for the repayment of the loan. The term also is used to refer to the loan itself.