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noun . 1. a conveyance of an interest in property as security for the repayment of money borrowed. 2. the deed by which such a transaction is effected.

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Definition of mortgage: A loan to finance the purchase of real estate, usually with specified payment periods and interest rates. The borrower (mortgagor) gives the lender ...

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mort·gage (môr g j) n. 1. A temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of a debt.

Mortgage calculator uses Java to graph, chart and calculate mortgage payments.