1mort·gage 
/ˈmoɚgɪʤ/ noun
plural mort·gag·es /ˈmoɚgɪʤ/ noun [count] : a legal agreement in which a person borrows money to buy property (such as a house) and pays back the money over a period of years
▪ He will have to take out a mortgage in order to buy the house. ▪ a 30-year mortgage ▪ a $50,000 mortgage ▪ They hope to pay off the mortgage on their home soon. — often used before another noun ▪ a mortgage agreement/banker/lender/loan ▪ Mortgage rates are down. — see also reverse mortgage
▪ He will have to take out a mortgage in order to buy the house. ▪ a 30-year mortgage ▪ a $50,000 mortgage ▪ They hope to pay off the mortgage on their home soon. — often used before another noun ▪ a mortgage agreement/banker/lender/loan ▪ Mortgage rates are down. — see also reverse mortgage
