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first mortgage

noun

  1. a mortgage having priority over other mortgages on property.


first mortgage

noun

  1. a mortgage that has priority over other mortgages on the same property, except for taxation and other statutory liabilities
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Other Word Forms

  • ھ-ǰg adjective
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Word History and Origins

Origin of first mortgage1

First recorded in 1850–55
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Example Sentences

Examples have not been reviewed.

We were lucky enough to close on our first mortgage with a 2.75% interest rate.

From

Hundreds of thousands of potential first-time buyers also hope to get a place of their own with their first mortgage.

From

Hundreds of thousands of potential first-time buyers have been hoping to get a place of their own with their first mortgage.

From

They’re treated as second mortgages, but require no payments of any kind until the home is refinanced, resold or its first mortgage paid off, at which point the state loan must be repaid in full.

From

But before they made their first mortgage payment, a massive landslide upended life on Peartree Lane, pulling eight neighbors’ homes down a nearby canyon and pushing others into different levels of structural purgatory.

From

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First MinisterFirst Mover