mortgaged
Pledged for loan
Mortgaged describes property that has been pledged as security for a loan.
A mortgaged house can be seized by the lender if payments aren't made.
Figuratively, mortgaged suggests being heavily committed or indebted: He had mortgaged his future to pay for law school.
To be mortgaged to the hilt is to have borrowed against everything possible.
Borrowed money repaid later
- principalChief school administrator
- interestAttention, stake, or fee
- lenderOne who loans money
- borrowerOne who takes temporarily
repayment · default · credit · collateral · lien · escrow · refinance · underwater
Made difficult to move
- indebtedOwing thanks or money
- obligatedRequired by duty
- committedFirmly pledged or bound
- leveragedEmployed for advantage
pledged · tied · bound · saddled · overleveraged · overextended · underwater · upside-down
One's personal residence
- houseResidential building
- real estateLand and its structures
- titleFormal honorific or name
- deedWritten property conveyance
appraisal · downpayment · closing · conveyancing · homestead · preapproval · underwriting · realtor
Creditor seizing collateral
- defaultPreset standard option
- evictionForced departure from rental
- auctionCompetitive public sale
- delinquencyCriminal or neglectful behavior
bankruptcy · notice · sheriff's sale · redemption · short sale · distressed · acceleration · delinquent
Borrowed capital for amplified returns
- loan-to-valueDebt-to-collateral ratio
- securitizationBundling debts into investable instruments
- asset-backedSecured by underlying property
- capitalizationUsing big letters properly
tranches · secondary market · Fannie Mae · Freddie Mac · origination · points · rate lock
loan
Borrowed money repaid later
borrower · repayment · default · credit · collateral · lien · escrow · refinance · underwater · adjustable-rate
encumbered
Made difficult to move
leveraged · pledged · tied · bound · saddled · overleveraged · overextended · underwater · upside-down · strapped
home
One's personal residence
- houseResidential building
- real estateLand and its structures
- titleFormal honorific or name
deed · appraisal · downpayment · closing · conveyancing · homestead · preapproval · underwriting · realtor · assessment
repossession
Creditor seizing collateral
delinquency · bankruptcy · notice · sheriff's sale · redemption · short sale · distressed · acceleration · delinquent · seized
leverage
Borrowed capital for amplified returns
- loan-to-valueDebt-to-collateral ratio
- securitizationBundling debts into investable instruments
- asset-backedSecured by underlying property
capitalization · tranches · secondary market · Fannie Mae · Freddie Mac · origination · points · rate lock
- possessionowned, acquired, possessed, kept, retained
- housing statushomeowner, renter, tenant, landlord, owned
- necessitiesbasics, essentials, need, essential, needs
- property traitsspacious, cozy, rundown, dilapidated, vacant
- boundbound, tied, restrained, confined, restricted
- stuckjammed, clogged, trapped, stuck in mud, snowed in
mortgagedunencumbered
Free from hindrances
unmortgaged · free and clear · nonmortgaged · debt-free · clear title
- mortgage ratesCost of borrowing for property
- second mortgageSubsequent lien on property
- mortgage paymentRecurring housing debt transfer
- mortgage brokerArranges home financing
- mortgage loanDebt secured by property
- mortgage agreementsProperty purchase financing contracts
mortgage, mortgages, mortgaging, mortgagee, mortgagees, remortgaged, mortgager, remortgage, remortgaging