What is Mortgage

Definitions of mortgage on the Web:

put up as security or collateral
a conditional conveyance of property as security for the repayment of a loan
wordnet.princeton.edu/perl/webwn

A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. ...
en.wikipedia.org/wiki/Mortgage

A special form of secured loan where the purpose of the loan must be specified to the lender, to purchase assets that must be fixed (not movable) property such as a house or piece of farm land. ...
en.wiktionary.org/wiki/mortgage

Legal agreement on the terms and conditions of a loan for the purpose of buying real estate
www.goldcoast.com.au/property/real-estate-glossary.html

A type of loan used to purchase property. In order for a lender (mortgagee) to give a mortgage to a borrower (mortgagor) they must obtain a legal charge on the property, giving security for a loan.
www.clericalmedical.co.uk/Business/Reference/Glossary.asp

The security over property given to the lender for the repayment of the loan. The lender (mortgagee) has the right to take the property if the borrower (Mortgagor) fails to repay the loan.
www.pacificpalmssignature.com.au/redir.php

A legal instrument that creates a lien upon real estate securing the payment of a specific debt.
bluecollardollar.com/bond_glossary.html

A loan that is secured over a property.
www.web-conveyancing.co.uk/jargon_buster.asp

A conveyance of an interest in real property given as security for the payment of an obligation.
www.atlanticbayjax.com/glossary_of_terms.htm

A legal document that uses property as collateral to secure payment of a debt.
www.rockfordmtg.com/glossary.htm

An interest in land created by a written instrument providing security for a debt.
www.creditworthy.com/info/glossary.html

A policy covering mortgaged property stating that the loss will be paid to the mortgagee and the mortgagee's right of recovery will not be defeated and also giving the mortgagee other right and privileges.
www.adjusterschool.com/glossary-l.php

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.
www.secureyourdebt.com/glossary.html

A contract in which certain property is pledged as security for a loan.
www.sagicor.com/bofw-glossary.aspx

calculator

Mortgage Calculator 
Mortgage Payment Calculator

Mortgage amount: $  
Mortgage term: years or months 

Interest rate: % per year 

Mortgage start date:  

Monthly Payments: $ 
 


Extra payments
Adding: $ to your monthly mortgage payment

Adding: $ as an extra yearly mortgage payment every  

Adding: $ as a one-time payment in  



Changes paid off date to:  

 



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