A slang expression based on the length of time of financing for the average home loan, generally 15 to 30 years, used to denote a specific period of time generally associated with a lengthy jail or prison sentence.
I heard Kenneth went to court last week thinking he was going to get off with a light sentence or even probation. With all the stuff he was into and all the trouble he's caused, I wasn't a bit surprised to hear the judge mortgaged his ass to the state penitentiary.
by Who 'Dis? Who 'Dat? December 3, 2021
by Jay Woo May 27, 2005
1. A golden mortgage occurs when a bank or mortgage company allows the homeowner to sell their property for an amount that is lower than what is owed on the loan, then micturates on the newly dispossessed homeowner.
2. Rejected title revision for a song by a New York City rock band that takes its name from audio compressor settings.
3. A charge widely believed to be included in a sealed indictment against the R&B singer/songwriter R. Kelly.
2. Rejected title revision for a song by a New York City rock band that takes its name from audio compressor settings.
3. A charge widely believed to be included in a sealed indictment against the R&B singer/songwriter R. Kelly.
With his credit in Jeopardy, Archibald reluctantly donned a slicker and accepted a golden mortgage.
The songwriter was shrewdly advised that, whatever he did, he must not change the name of his song to "Golden Mortgage."
Requesting a golden mortgage, the accused allegedly genuflected and looked into the eyes of his stylist's niece with pity and longing.
The songwriter was shrewdly advised that, whatever he did, he must not change the name of his song to "Golden Mortgage."
Requesting a golden mortgage, the accused allegedly genuflected and looked into the eyes of his stylist's niece with pity and longing.
by A Tabak April 17, 2008
Usually to qualify for a mortgage, borrowers need income,a job or assets.
A ninja mortgage is a type of mortgage granted to people with none of the above, hence:
No
Income
No
Job or
Assets
Without income, a job or assets, it's hard to pay back a mortgage. Many ninja loans became subprime when peeps couldn't refinance their loans.
These peeps are now ninjah
A ninja mortgage is a type of mortgage granted to people with none of the above, hence:
No
Income
No
Job or
Assets
Without income, a job or assets, it's hard to pay back a mortgage. Many ninja loans became subprime when peeps couldn't refinance their loans.
These peeps are now ninjah
Borrower: Gee, I'd like to buy a house, but I have no job or income... can you help me ?
Mortgage broker: With a ninja mortgage you don't need to prove you have income or a job, we don't even need a downpayment since the value of your house will always go up!
Borrower: Awesome!
Mortgage broker: With a ninja mortgage you don't need to prove you have income or a job, we don't even need a downpayment since the value of your house will always go up!
Borrower: Awesome!
by ptr March 3, 2008
To ram one's fist up the ass of a midget and hold it aloft victoriously, wearing the midget on one's hand like some fleshy oven mitt.
Willy: Do you watch that show "Little People, Big World?"
Stevus: Yeah, it rocks!
Willy: I wish I could guest star on it so I could give them all the reverse mortgage.
Stevus: Yeah, it rocks!
Willy: I wish I could guest star on it so I could give them all the reverse mortgage.
by Nugent J. Niggington December 2, 2008
An individual dresses up like Magnum P.I., inserts their penis or dildo into their partner’s ass and, upon completion, takes the deed to their partners house.
Tom Selleck enjoys advertising his love for reverse mortgages as a way to pay off debts, medical bills and other expenses without ever being forced to leave your home.
by J Lib February 17, 2022
A movie or set of movies that a high-profile actor/actress performs in purely for the money. Everyone has to pay a mortgage right? Notable examples are Samuel L. Jackson (way too many to count), Charlize Theron (Aeon Flux).
by woodman445 May 5, 2006