A legally binding contract that allows a financial institution to rape you every month for the next 20-30 years. In return, you get the privilege of maintaining a dwelling out of your own pocket without actually owning it.
1. So what'll it be this month Honey, pay the mortgage or get the driveway fixed?
2. I used to have disposable income. Now I have a mortgage instead.
2. I used to have disposable income. Now I have a mortgage instead.
by HighwayRobber October 1, 2015
Middle class slavery.
Investment bankers buy your home loans and manage you like cattle to make even more undeserved money. For some reason people are satisfied with the illusion that they own a small plot of land with a small box on it. Sure you can make a profit if you know how to flip real estate, but good luck paying your sub-prime mortgage with the job you just loss thanks to this fucked up economy.
Investment bankers buy your home loans and manage you like cattle to make even more undeserved money. For some reason people are satisfied with the illusion that they own a small plot of land with a small box on it. Sure you can make a profit if you know how to flip real estate, but good luck paying your sub-prime mortgage with the job you just loss thanks to this fucked up economy.
Millions felt entitled to live in gaudy McMansions they couldn't afford for the life they though they were entitled to. Bankers took advantage of these people, thus the sub-prime mortgage crisis.
by captainao February 20, 2009
That weight around your neck that will never be alleviated until you (1) DIE or (2) eventually pay off by the time you are 107.
by Lord Meatclown July 31, 2003
1) A loan against your property
2) Something that a homeowner might possess in his bid to own a home good and proper. Often to alleviate damage to his property incurred through it being 'owned'
2) Something that a homeowner might possess in his bid to own a home good and proper. Often to alleviate damage to his property incurred through it being 'owned'
by Big Jim December 20, 2003
possible root from the French verb "mourir" meaning to die. The English word "mortgage" refers a home owner's loan that is usually with you until you die. Usage of the French root is supposed to make it sound fancier than "loan" - but it doesn't really.
J'ai mort - meaning "I am dead"
I have a mortgage - meaning "My social life is dead b/c I own a house"
I have a mortgage - meaning "My social life is dead b/c I own a house"
by Money Maid February 24, 2004
by nudebuddah September 24, 2010