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CEFR B2 — Upper-Intermediate

Mortgage

Definition

A loan from a bank or other financial institution that allows you to buy a house or other property, with the property serving as security for the loan.

Example Sentences

1The couple applied for a mortgage to buy their dream home in the suburbs.
2Is it better to pay off your mortgage quickly or invest your money elsewhere?
3She was struggling to make her monthly mortgage payments after losing her job.
4If you default on your mortgage, the bank can repossess your house.
5There are different types of mortgage options available, including fixed-rate and adjustable-rate loans.

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