mortgage debt
Mortgage debt refers to the financial obligation incurred when an individual or entity borrows money from a lender to purchase a property, and it is secured by the property itself. This debt is typically repaid through regular payments over a predetermined period of time, including both the principal amount borrowed and the interest charged by the lender.
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Related Concepts (21)
- debt accumulation
- homeownership
- mortgage amortization
- mortgage default
- mortgage eligibility
- mortgage forbearance
- mortgage foreclosure
- mortgage insurance
- mortgage interest deduction
- mortgage lenders
- mortgage loan types
- mortgage modification
- mortgage payments
- mortgage pre-approval
- mortgage rates
- mortgage refinance
- mortgage underwriting
- mortgage-backed securities
- real estate financing
- reverse mortgage
- second mortgage