1. legal agreements in which money is lent to buy property, with the property as security for the loan
Usage: plural of mortgage

1. pledges property as security for a loan; borrows money using property as collateral
Usage: third person singular present tense

Examples

• Many families struggle to qualify for mortgages in today’s market.
• The bank offers competitive rates on 30-year mortgages.
• She mortgages her house to fund her new business venture.
• Rising interest rates make mortgages more expensive for buyers.
• The couple compared several mortgages before choosing one.
• He mortgages his property to secure the loan for expansion.