ADJ
big, huge | small
cheap
First-time buyers are hoping to find cheap mortgages before interest rates increase further.
endowment, fixed-rate, repayment
VERB + MORTGAGE
have
My parents have a mortgage on their house that they'll pay off in twenty years.
get, raise
We decided to raise a mortgage so we could finally buy our first house.
take out
We decided to take out a mortgage to buy our first house last year.
pay, pay off, redeem, repay
After years of hard work, they finally paid off their mortgage and owned their house completely.
be in arrears with, fall behind with, get behind with
If you fall behind with your mortgage payments, the bank may take back your house.
MORTGAGE + NOUN
(interest) payment, repayment
My parents decided to refinance their mortgage payment to get a lower interest rate.
rate
The bank approved our application after we agreed to their current mortgage rate.
lender
PREP
~ of
They took out a mortgage of $250,000 to buy their first house.
~ on
We finally managed to secure a mortgage on our first house last year.